SOLUTION: The amount in a savings account after x-years is given by the equation A = 2300(1.035)x

Algebra ->  Conversion and Units of Measurement -> SOLUTION: The amount in a savings account after x-years is given by the equation A = 2300(1.035)x       Log On


   

Question 390659: The amount in a savings account after x-years is given by the equation A = 2300(1.035)x
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Not exactly. The amount in a savings account compounded annually paying 3.5% interest for x years where the initial deposit was $2300.00 is:



In plain text, show exponentiation with a caret mark, "^", as in x^2 to mean or (1.035)^x to mean . Now, what was your question?

John

My calculator said it, I believe it, that settles it
The Out Campaign: Scarlet Letter of Atheism