Register

EMERGENCY PLEASE HELP A company deposits $5,000 in a bank account that earns 3% compound interest each year. Which function represents the value, V(t), in dollars, of the bank a…

EMERGENCY PLEASE HELP A company deposits $5,000 in a bank account that earns 3% compound interest each year. Which function represents the value, V(t), in dollars, of the bank a…
90.0k views
15 votes
EMERGENCY PLEASE HELP

A company deposits $5,000 in a bank account that earns 3%
compound interest each year. Which function represents the value,
V(t), in dollars, of the bank account after t years?

User Chris Simpson
by
8.3k points

2 Answers

8 votes

Answer:

5150

Explanation:

User Vlad Morzhanov
by
8.2k points
2 votes

Answer: v(t) = 5,000(1.03)t

Explanation:

User KevinM
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!