Lexi earns the same amount of money, x, every time she mows the lawn. In June, Lexi had to spend 5 dollars of her earnings on fu
2 answers:
You might be interested in
I'm assuming this is what they want? haha
Answer:
The Amount of money in the account after t years $50
Step-by-step explanation:
Given as :
The principal deposited into account = $50
The rate of interest = 5% compounded annually
The time period for deposit = t years
Let the amount into account after t years = $A
now, According to question
<u>From compound Interest method</u>
Amount = principal ×
Or, A = $50 ×
Or, A = $50 ×
Or, A = $50 ×
or, A = $50
So, The amount in account after t years = A = $50
Hence, The Amount of money in the account after t years $50 . Answer