Mathematics, 11.03.2022 21:40 mprjug6
WILL GIVE BRAINLIEST
A savings account is opened with $700 and earns an effective annual interest rate of 2.3% compounded monthly. If no other deposits or withdrawals are made, the balance of the account can be represented by the function f(x)=700(1.023)^t, where r is the time in years since the account is opened.
Which function shows f(x) rewritten in a way to show the approximate monthly interest rate?
Answers: 1
Mathematics, 21.06.2019 17:20
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Mathematics, 21.06.2019 21:00
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WILL GIVE BRAINLIEST
A savings account is opened with $700 and earns an effective annual interest...
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