SOLUTION: Jonah deposits $2500 into account with an annual rate of 5%, compounded annually. The amount in his account can be determined by the formula A=P(1+R)^t, where P is the amount depos

SOLUTION: Jonah deposits $2500 into account with an annual rate of 5%, compounded annually. The amount in his account can be determined by the formula A=P(1+R)^t, where P is the amount depos

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Question 929956: Jonah deposits $2500 into account with an annual rate of 5%, compounded annually. The amount in his account can be determined by the formula A=P(1+R)^t, where P is the amount deposited, R is the annual interest rate, and t is the number of years the money is invented. Write an equation to model the growth of her investment.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A = 2500(1.05)^t
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