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Question 7 Kaylee deposited $1,450 in an account that earns 2.5% interest compounded annually. Which function represents the situation, where t is the time in years?

Question 7 Kaylee deposited $1,450 in an account that earns 2.5% interest compounded annually. Which function represents the situation, where t is the time in years?
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4 votes
Question 7

Kaylee deposited $1,450 in an account that earns 2.5% interest compounded annually. Which function represents

the situation, where t is the time in years?

asked
User Digicrat
by
7.4k points

1 Answer

3 votes

Answer:

A=1450 (1+0.025)^t

Explanation:

A future value

T time

answered
User Qwr Qwr
by
8.1k points
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