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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…
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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
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