Is this correct?? if not pls tell me the correct answer
2 answers:
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Answer:
The equation can be used to determine the amount of money S(t) that her savings account has after t years is
Step-by-step explanation:
A student invests $500 in a savings account
Principal = $500
Rate of interest = 4% = 0.04
We are supposed to find equation can be used to determine the amount of money S(t) that her savings account has after t years
Formula :
Where A is the amount after t years =S(t)
t = time
r = rate of interest in decimals =0.04
P = Principal=500
Substitute the value in the formula :
So,
Hence The equation can be used to determine the amount of money S(t) that her savings account has after t years is