Question

rhonda deposited $3000 in an account in the merrick national bank, earning 4.2% interest, compound annually. she made no deposits or withdrawls. write an equation that can be used to find b, her account balance after t years

Answer 1

B= 3000+0.042x3000xT


(3000 dollars to begin with, plus 4.2% interest of that 3000 after t amount of years)