asked 108k views
2 votes
Samantha puts initial $500 into a savings account the account has a 4% annual compound interest rate what is the function that best represents Samantha’s account and how much does she have in savings after five years around your answer to the nearest dollar Hong the formula, f(x)= p(1+r)x.

asked
User Crgolden
by
9.0k points

2 Answers

4 votes

Answer:

y = 500(1.04)x

Use the formula y = P(1 + r)x.

answered
User Hifkanotiks
by
7.5k points
5 votes

Answer:

y=mx+b

Explanation:


answered
User Cvdv
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.