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Write an equation that represents the amount of money in a saving account f(t), after t years, that started with $1000 and grows at a rate of 3%?

Write an equation that represents the amount of money in a saving account f(t), after t years, that started with $1000 and grows at a rate of 3%?
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write an equation that represents the amount of money in a saving account f(t), after t years, that started with $1000 and grows at a rate of 3%?

User Pratik
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7.5k points

1 Answer

2 votes

Answer:

simple interest: f(t) = 1000(1+0.03·t)

Explanation:

User Clinomaniac
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