Michael invested 5,000 in an account that has a 5.5% annual interest rate. What equation best describes investment after T years
?
1 answer:
Answer:
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
Step-by-step explanation:
I assume this is a simple interest rate. If not I will give the one for compound interest.
V = 5000 + 5000* 0.055 * T (Value of account after T years)
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
You might be interested in
Answer:
There's no context for a conclusion.
Step-by-step explanation:
Comment when you've edited the question.
5 the answer I took the test
Answer:
f(x) = 4(x - 8)
4 (10 -8) = 8
Step-by-step explanation:
Answer:
19/4
Step-by-step explanation:
The answer is z result of flipping. Two coins
