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Genevieve deposited $400 into her bank account. The equation A open parentheses t close parentheses equal 400 open parentheses 1.07 close parentheses to the power of t can be used to calculate the value
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Genevieve deposited $400 into her bank account. The equation A open parentheses t close parentheses equal 400 open parentheses 1.07 close parentheses to the power of t can be used to calculate the value of her money after t years. What is the annual interest rate she is earning on her deposit?

User Csba
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6 votes

Answer:

7%

Step-by-step explanation: i took the test and got it right

User Andy Sterland
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