Mathematics, 29.11.2020 14:00 aigo
A savings account is started with an initial deposit of $750. The account earns 1.25% interest compounded annually.
(a) Write an equation to represent the amount of money in the account as a function of time in years.
(b) Find the amount of time it takes for the account balance to reach $1000. Show your work.
Answers: 1
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