Question

PLEASE HELP!!! This is the second time i am posting this question! *20 points!*

Liam opened a savings account and deposited $6000. The account earns 5% in interest annually. He makes no further deposits and does not withdraw any money. In t years, he has $8865 in this account.

Write an equation in terms of t that models the situation.

Answer 1

8,865 = 6,000 + (0.05)(t)

Explanation:

t=years

P=$6,000

A=$8,865

r=0.05