Question 1203697: ananya invested 9,400 dollars in a saving account that paid 7.5 % interest compounded annually.the function usedto represent this investment is A(t)=9400(1.075)t where A is the accrued value of the savings account in dollars and t is the length of the investment in tears use the function to determine how much money Ananya will have in her savings account. round the answer to tw0 decimal places
Found 2 solutions by ikleyn, josgarithmetic:
Answer by ikleyn(52834)   (Show Source):
You can put this solution on YOUR website! .
ananya invested 9,400 dollars in a saving account that paid 7.5 % interest compounded annually.
the function usedto represent this investment is A(t)=9400(1.075)t where A is the accrued value
of the savings account in dollars and t is the length of the investment in tears
use the function to determine how much money Ananya will have in her savings account.
round the answer to tw0 decimal places
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If you want " to determine how much money Ananya will have in her savings account ",
then the time t should be given as a value; but it is missed in the post,
making the question non-sensical and the solution impossible.
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If you want to see many similar (and different) problems solved, look into the lesson
- Compounded interest percentage problems
in this site.
Consider this lesson as your textbook, handbook, guidebook, tutorials and (free of charge) home teacher.
Learn the subject from there.
Answer by josgarithmetic(39623)  (Show Source):
You can put this solution on YOUR website! Function A(t) written wrong. For that ten-year value,  , which could be done year by year if wanted. (But not always the best way).
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