Mathematics, 23.03.2020 18:27, Brianna1227
Meera has been visiting banks all day trying to find the best compound interest rate for her savings account. The banks have decided that instead of telling her their rate, they are going to give her the equation that will calculate her current balance after t years. Below are the equations each bank gave to Meera, where f(t) is the balance after t years and P is the principal amount to be placed in the savings account. Select the equation of the bank that has the greatest compound interest rate.
A. f(t) = P(1.07)^t
B. f(t) = P(1.03)^2t
C. f(t) = P(0.90)^t
D. f(t) = P(1.02)^4t
Answers: 3
Mathematics, 21.06.2019 16:30, IkweWolf4431
How to choose the sign of the radical in the denominator of the formula for the distance from a point to a line.
Answers: 2
Meera has been visiting banks all day trying to find the best compound interest rate for her savings...
Social Studies, 24.02.2021 07:10
Mathematics, 24.02.2021 07:10
Mathematics, 24.02.2021 07:10
Spanish, 24.02.2021 07:10
Mathematics, 24.02.2021 07:10
Mathematics, 24.02.2021 07:10