A bank account balance, b, for an account starting with s dollars, earning an annual interest rate, r, and left untouched for n years can be calculated as b = s (1 + r) ^n (an exponential growth formula). Find a bank account balance to the nearest dollar, if the account starts with $100, has an annual rate of 4%, and the money left in the account for 12 years.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A bank account balance, b, for an account starting with s dollars, earning an annual interest rate, r, and left untouched for n years can ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The legs of a right triangle are 5 and 7 cm long, respectively. What is the length of the hypotenuse? If necessary, round your answer to two decimal places. A. 12 cm B. 9 cm C. 4.90 cm D. 8.60 cm
Answers (1)
It is possible to trisect a line segment using a straight edge and compass
Answers (2)
What pattern do you see when multiplying two powers with the same base
Answers (1)
What is the scale factor of a model car if the scale is 1 inch = 2 feet?
Answers (1)
How do I create a model to prove answer what is 15% of 60? I know the answer is 9 but very confused on how to show model.
Answers (1)
New Questions in Mathematics
If n=1 and m=3 then n^2=2 and m=6 what is wrong with this question
Answers (1)
Find the slope and the y-intercept of the line Y=-3x+8
Answers (1)
Solve the equation - 4 + 4a = 12 for a. A. 4 B. 5 C. 6 D. 9
Answers (1)
Find the value of C: 6x + Cy = 18 3x + 2y = 8
Answers (1)
Complete the steps to solve the equation 6x+1.6=58. Apply the Subtraction Property of Equality. 6x=
Answers (1)