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
It is already rounded to the tens because there is no digit but 0 in the ones digit. I hope this helped.
