Question

Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.

Answer 1

Answer:

Step-by-step explanation:

D

Answer 2

Answer:You can use A=P(1+(r/n))^(nt)

n=homany times it is compounded a year: 1 annually

t=time in years

r=rate: 6% or .06

A=Final Amount

P=principle amount

A=1000(1+(.06/1))^(1*t)

Step-by-step explanation:

hope this is correct