The value of a bank account, y, increases by 5% each year, x. If the initial value of the account is $800, which equation repres ents this situation?
1 answer:
Answer:
Equation to represent the situation =
Step-by-step explanation:
Given:
Initial investment = Y
Growth rate (r) = 5% = 5 / 100 = 0.05
Number of year (n) = X year
Amount after X year = $800
Find:
Equation to represent the situation:
Computation:
Equation to represent the situation =
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Step-by-step explanation: