hannahbandss hannahbandss

15-02-2021
Mathematics

contestada

INTEREST Bianca invested $5000 in an account that pays 5% annual interest.
a. Write a function that represents the value in Bianca's account y after x years.

PLEASE HELP!!

Respuesta :

tonychangtong tonychangtong

15-02-2021

Answer:

y=5000(1.05)^x

Step-by-step explanation:

Account balance = Principal(1+rate)^time

Account balance = y

rate is 5% annual interest

time = x years

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