Situation: How many years will it take for the account to
reach $19,000? Round your answer to the
nearest hundredth.
ter the correct answer
Thomas wants to save money for a
vaction. Thomas invests $1,300 in an
account that pays an interest rate of
6.25%.
DONE
A = P(1 + r)
P= amount of money invested
r = interest rate percentage in decimal form
t = time in years
A = total money in the account at timet