Question

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

Answer 1

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