Suppose you invest $1600 at an annual interest rate of 4.6% compounded annually. write a function to represent the total earnings E(t) as a function of time in years t

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asked Jul 16, 2022 136k views

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Suppose you invest $1600 at an annual interest rate of 4.6% compounded annually. write a function to represent the total earnings E(t) as a function of time in years t

Mathematics
college

Amjad Masad asked

by Amjad Masad

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Answer:

E(t)=1600(1+0.046)^t

Explanation:

1600=the initial/principal amount

0.046=annual interest rate

Shahzada answered Jul 22, 2022

by Shahzada

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