Mathematics, 20.10.2020 01:01, campilk5
Meredith invested $5,500 into an account that earned 5% interest per year. When she cashed out the investment to use it as a down payment for a new car, it was worth a total of $7,739.05.
Which equation describes Meredith's investment based on t, the number of years she kept the account open?
HINT: total worth= investment amount (1.05)^t
A: t= $7,739.05 ($5,500)^ 0.05
B: $7,739.05= $5,500 (1.05) ^t
C: t= $7,739.05 ($5,500)^ 1.05
D: $7,739.05 $5,500 (0.05) ^t
PLEASE HELP ME ASAP
PLEASE EXPLAIN HOW YOU GOT THE ANSWER
Answers: 2
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