Answer:
<u>y = 320,000 ( 1.048 ) ^x</u>
x = number of years
(the ^ before the x symbolizes "to the power of," but I can't do that on my keyboard)
Step-by-step explanation:
formula i used:
A = <em>amount that you start with</em>
t = amount of years / time
%increase: you must convert your percent (4.8%) to a decimal (0.048)
A ( 1 + %increase ) ^t
Answer:
1/12 x
Step-by-step explanation:
