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Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.

Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.
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Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.

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User Trojek
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2 Answers

3 votes

Answer:

the answer is A= 1000(1.06)^t

Explanation:

answered
User Smith Dwayne
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8.3k points
3 votes
A = 1000(1.06)^t     where A is the amount of the investment after t years.
answered
User Mahendran
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7.9k points
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