Question

please help i need help on number 10 on this TBT Please can someone please help me I really need help and I'm sstruggling) 10. Rhonda deposited $3000 in an account in the Merrick National Bank earning 4.2% interest compunded annually. she made no deposits or withdrawals. write an equation that can be used to find B her account balance after t years.

Answer 1

Answer:

$\boxed{\bold{B \ = \ 3,000 \ (1+0.42)^t}}$

Step By Step Explanation:

Goal: Write an equation that can be used to find her balance after 't' years

Deposit: $3,000

Interest: 4.2%

Turn 4.2% Into Decimal

Decimal: 0.42

't': 't' is undefined, so 't' stays the same

Balance = B

Balance = 3,000 Multiplied By 1 + 0.42. That is then multiplied by itself 't' times