Holly deposited $10,000 in an investment account. After 6 years the account is worth approximately $13,400. Which formula repres

Question

algol [13]

3 years ago

14

Holly deposited $10,000 in an investment account. After 6 years the account is worth approximately $13,400. Which formula repres

ents the value of the account after t years?

Mathematics

2 answers:

Marta_Voda [28] · Answer 1 · 2022-05-23T12:12:36+03:00

Marta_Voda [28]3 years ago

5 0

Answer: C

Step-by-step explanation: The solution is V = 10,000(1.05)t. Plugging 6 in for t yields a value of approximately $13,400.

eimsori [14] · Answer 2 · 2022-05-23T09:57:48+03:00

eimsori [14]3 years ago

3 0

For this question you need to use the formula: y=p(1+r)^t. P is the principle, or the starting amount, $10,000, r is the rate of growth or decay, and t is the number of years. y=10,000(1.05)^x