Mathematics, 19.05.2021 14:00 bartlettcs9817

The balance of an investment is increasing according to the rule Next year's balance = 1.20 × Current balance.
If the original value of the investment is $500, find a formula that gives the balance B after t years.

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The balance of an investment is increasing according to the rule Next year's balance = 1.20 × Current balance. If the original value of the investment is $500, find a formula that gives the balance B after t years.

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Another question on Mathematics

The balance of an investment is increasing according to the rule Next year's balance = 1.20 × Current balance.
If the original value of the investment is $500, find a formula that gives the balance B after t years.