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

12-02-2021

Answer:

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

=400(1+7/100)^2

=400*1.14

=456

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