Molly deposits $1685 in an account that earns 3.5% interest compounded annually. Write a function represent the situation where t is the time in years.

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Jigar Fumakiya asked May 10, 2023

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Molly deposits $1685 in an account that earns 3.5% interest

compounded annually. Write a function represent the situation where t is the time in years.

Mathematics
college

Jigar Fumakiya asked May 10, 2023

by Jigar Fumakiya

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Answer:

1685 x 1.035^t

Explanation:

compound interest formula:

initial x 1 ± percentage multiplier ^years. (time)

Elisha answered May 15, 2023

by Elisha

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