<span>Martin deposits $200
in a savings account that earns 5% annual interest.
year interest balance
1 200 * 5% 200(1.05)
2 200(1.05) * 5% 200(1.05)^2
3 200(1.05)^2*5% 200(1.05)^3
y 200(1.05)^y
=> m = 200 (1.05)^y
four years later,
cary deposits $200 in an account earning the same interest.
</span>
<span><span>year interest balance
5 200 * 5% 200(1.05)
6 200(1.05) * 5% 200(1.05)^2
7 200(1.05)^2*5% 200(1.05)^3
y 200(1.05)^(y-4)
=> c = 200(1.05)^ (y-4)
</span>
Answer:
Martin: 200(1.05)^y
Cary: 200(1.05)^(y–4)</span>
Answer:
Step-by-step explanation:
When grading papers you can convert decimals into percents
