subject
Mathematics, 10.10.2021 06:30 hardwick744

3. A savings account is started with an initial deposit of $2000. The account earns 5% interest compounded annually. (a) Write an equation to represent the amount of money in the account as a function of time in years.
(b) Find the amount of time it takes for the account balance to reach 1 million. Show your work.
Note: 1 million is a 1 with 6 zeros. Note2: you must use log functions to solve.


PLEASE ANSWER

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:50
Eric has challenged himself to walk 24,000 steps in 4 days. if eric walks the same number of steps each day, which function represents the number of steps eric still needs to walk to reach his goal with respect to the number of days since he started his challenge? a. y = 8,000x − 24,000 b. y = -8,000x + 24,000 c. y = 6,000x − 24,000 d. y = -6,000x + 24,000
Answers: 1
question
Mathematics, 21.06.2019 20:00
Anyone? 15m is what percent of 60m; 3m; 30m; 1.5 km?
Answers: 1
question
Mathematics, 21.06.2019 20:10
21 type the correct answer in the box. use numerals instead of words. if necessary, use / for the fraction bar. the solution set of n2 - 14n = -45 is { (separate the solutions with a comma)
Answers: 3
question
Mathematics, 21.06.2019 23:20
1. ∠1 is complementary to ∠2 and ∠3 is complementary to ∠2. subtraction property of equality 2. m∠1 + m∠2 = 90 and m∠3 + m∠2 = 90 substitution 3. m∠1 + m∠2 = m∠3 + m∠2 definition of complementary 4. m∠1 = m∠3 given
Answers: 3
You know the right answer?
3. A savings account is started with an initial deposit of $2000. The account earns 5% interest comp...
Questions
Questions on the website: 13722363