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grigory [225]
3 years ago
6

Sara has $150 in her savings account. The amount in her account increases by %6 every year. If she does not put more money into

her account, what will be the balance to the nearest dollar in her account after one year.
Mathematics
1 answer:
strojnjashka [21]3 years ago
3 0

Answer:

$159

Step-by-step explanation:

we know that

The equation of a exponential growth function is equal to

y=a(1+r)^x

where

y is the balance in the saving account

x is the number of years

a is the initial amount

r is the percent rate of change

we have

a=\$150\\r=6\%=6/100=0.06

substitute

y=150(1+0.06)^x

y=150(1.06)^x

For x= 1 year

substitute

y=150(1.06)^1=\$159

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