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Mark opened a savings account at his bank with a guaranteed annual interest rate of 5.0% for 5 years. If he deposits $10,000.00 to the account and the interest is compounded annually, the interest on the account is modeled by the function A = 10,000(1 + .05)t.

Respuesta :

wolf1728
Total = Principal * (1 + rate) ^ years
Total = 10,000.00 * (1.05)^5
Total = 10,000.00 * 1.2762815625
Total = 12,762.82
 

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