Question

If you invest $40 in an account for 10 years at a 3% interest rate how much money will you have? Write a function- What is the initial amount? What is the decay rate? What is the final function? Thank you!

Answer 1

Answer:

Step-by-step explanation:

The inital amount is 40

the decay rate is 3%

y=ab^x

v(t)= ab^t/1

1+0.03=1.03 -b value

a value= 40

t value = 10

v(t)=40(1.03)^10/1

=53.75665517

Answer 2

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