SOLUTION: a person invests $3500in an account at 5% of interest compounded annually. let V=f(t) to be the value (in dollars) if the after t years or any fraction thereof. F(t) =?

Question 921265: a person invests $3500in an account at 5% of interest compounded annually. let V=f(t) to be the value (in dollars) if the after t years or any fraction thereof.

F(t) =?
Found 2 solutions by ewatrrr, stanbon:
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .05
n= periods per year = 1
t= years =
......
F(t) = 3500(1.05)^t
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
a person invests $3500in an account at 5% of interest compounded annually. let V=f(t) to be the value (in dollars) if the after t years or any fraction thereof.
F(t) = 3500(1 + 0.05)^t
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Cheers,
Stan H.
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