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

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



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) About Me  (Show Source):
You can put this solution on YOUR website!
A = 2500(1.05)^t