hector deposits $400 dollars into a simple interest account. the interest rate for the account is 5.25 %. the function is p(t)=4

Question

3 years ago

13

hector deposits $400 dollars into a simple interest account. the interest rate for the account is 5.25 %. the function is p(t)=4

00+21t represents the balance of the bank account as a function of time. Determine the number of years it will take for the account balance to reach given amount. (given amounts are $610, $1405, $2500, double original deposit, triple original deposit)

Mathematics

1 answer:

lakkis [162] · Answer 1 · 2022-08-17T02:26:36+03:00

lakkis [162]3 years ago

7 0

610 is 10 years
1405 is 50 years
2500 is 100 years
double is 19
triple is 38