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?

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asked Feb 24, 2022 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?

Mathematics
college

Chris Simpson asked

by Chris Simpson

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2 Answers

8 votes

Answer:

5150

Explanation:

Vlad Morzhanov answered Feb 27, 2022

by Vlad Morzhanov

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2 votes

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

Explanation:

KevinM answered Mar 3, 2022

by KevinM

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