50 BRAINLY POINTS 3. A savings account is started with an initial deposit of $2400. The account earns 6% interest compounded ann

Question

2 years ago

11

50 BRAINLY POINTS 3. A savings account is started with an initial deposit of $2400. The account earns 6% interest compounded ann

ually.
(a) Write an equation to represent the amount of money in the account as a function of time in years.
(b) Find the amount of time it takes for the account balance to reach 1 million. Show your work.
Note: 1 million is a 1 with 6 zeros. Note2: you must use log functions to solve.

Mathematics

1 answer:

sergiy2304 [10] · Answer 1 · 2023-02-06T09:54:50+03:00

sergiy2304 [10]2 years ago

8 0

Answer

144

Step-by-step explanation:

You would want to multiply so 2400 times by 6% and 6% is equal to 0.06 so just multiply those to get the answer of 144.

SORRY IF I'M WRONG>3