You invest $1700 in an account that earns 1.3% interest compounded daily. Write an equation to model the amount of money at any given time. Please give an explanation but detailed as possible. I would like to learn how to solve word problems like these and improve on my math. I wan to get better so I can peruse my dream of being an engineer, and math is an important concept to it, so I would highly appreciate some help so I can learn :D

the equation goes like this

y = ab^x

y = total cost

a = the intital amount (in your case the $1700)

b = the interest (since this is an exponetial growth it should be 1.013)

x = time

soo y = 1700(1.013)^x is the equation

answer: 1722

step-by-step explanation:

given: the mass of saturn=

the mass of mercury=

the number of times the mass of saturn is greater than the mass of mercury

hence, the mass of saturn is 1722 times greater than the mass of mercury.

its 50 miles away from the starting point