Mathematics

Vincent Ortega

3 July, 13:35

A deposit of $5,000 is made into a savings account that offers 7.5% annual interest. Which equation models the amount of money in the account after t years?

P (t) = 5,000 (1.75) t

P (t) = 5,000 (1.075) t

P (t) = 5,000 (0.925) t

P (t) = 5,000 (0.25) t

+4

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