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PLEASE HELP!!! This is the second time i am posting this question! *20 points!* Liam opened a savings account and deposited $6000. The account earns 5% in interest annually. He …

PLEASE HELP!!! This is the second time i am posting this question! *20 points!* Liam opened a savings account and deposited $6000. The account earns 5% in interest annually. He …
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PLEASE HELP!!! This is the second time i am posting this question! *20 points!*

Liam opened a savings account and deposited $6000. The account earns 5% in interest annually. He makes no further deposits and does not withdraw any money. In t years, he has $8865 in this account.

Write an equation in terms of t that models the situation.

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User Wasatz
by
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1 Answer

0 votes

Answer:

8,865 = 6,000 + (0.05)(t)

Explanation:

t=years

P=$6,000

A=$8,865

r=0.05

answered
User Florent Morin
by
7.8k points
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