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erik [133]
3 years ago
8

Franklin deposits $3500 in an account that earns 3.5% interest compounded annually. What function equation represents the balanc

e of the account after t years?
Mathematics
1 answer:
lara31 [8.8K]3 years ago
5 0
So this problem can be solve using the formula:
F = P(1+i)^t
Where F is the balance account after t years
P is money deposited
i is the fraction interest rate  
F = 3500 (1+0.35)^t
<span>F = 3500 (1.35)^t is the function equation represents the balance of the account after t years</span>
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