Mathematics, 05.05.2020 23:22, Jennifer16253
Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the equation that best represents Samantha's account?
Hint: Use the formula y = P(1 + r)x.
y = 500(1.4)x
y = 500(0.04)x
y = 500(1.04)x
y = 500(0.4)x
Answers: 2
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Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest...
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