Register
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%?
5.8k views
3 votes
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 Ivan Vnucec
by
7.7k points

1 Answer

4 votes

Answer:

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

compound interest : f(t) = 1000(1+ 0.03/n)^n/t

Explanation:

User Valentin Kuzub
by
7.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!