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WITCHER [35]
2 years ago
10

Frank kept track of the amount of money he earned each day for 2 weeks.the amounts,in dollars,are listed below.

Mathematics
1 answer:
Lena [83]2 years ago
5 0

Answer:

Step-by-step explanation:

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A $10,000 deposit at the bank will double in value in 9 years. Give a formula for the accumulated amount t years after the inves
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Answer:

S = P(1.08)^{t}

Step-by-step explanation:

A $10,000 deposit at the bank will double in value in 9 years.

If the interest is r% and it is compounded each year, then we can write from the formula of compound interest that

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Therefore, the formula for the accumulated amount t years after the investment is made will be  

S = P(1 + \frac{8}{100})^{t} = P(1.08)^{t}  

where, P is the invested principal and S is the accumulated sum. (Answer)

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