Mathematics, 05.01.2020 20:31 jamesjarrell67

Asavings 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.

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Asavings 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.

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Another question on Mathematics

Asavings 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.