Question

1. A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded annually. (a) Write an equation to represent the amount of money in the account as a function of time in years. (b) Find the amount of time it takes for the account balance to reach $800. Show your work.

Answer 1

I think it is A

Explanation:

I think it is A because it says the account earns 1.5 percent