noahjenkinson05 noahjenkinson05
  • 12-02-2021
  • Mathematics
contestada

14. You deposit $400 in a savings account that earns 7% interest compounded annually.
a. Write a function that represents the balance after 1 years.
b. What is the balance after 2 years?

Respuesta :

sharda40
sharda40 sharda40
  • 12-02-2021

Answer:

A=p(1+r/100)^n

=400(1+7/100)^2

=400*1.14

=456

Answer Link

Otras preguntas

It takes Akira 10 minutes to make a black and white drawing and 25 minutes for a color drawing.  On Saturday he made a total of 9 drawings in 2 hours.  Write an
How long was a million days ago in hours?
find the area of a circle with a diameter of 22 inches?
what do you call two ratios that have the same value
Verify the identity sec(beta) - 1 / cos(beta) = sec(beta)
If light travels 671,000,000 miles per hour, how many miles will it travel in one minute?
What does y-intercept represent?
What does y-intercept represent?
It takes Akira 10 minutes to make a black and white drawing and 25 minutes for a color drawing.  On Saturday he made a total of 9 drawings in 2 hours.  Write an
find the area of a circle with a diameter of 22 inches?