fred deposited $3000 in his daughters account that grows at a rate of 2% per month. write a function to represent this situation and use it to determine how much is in the account after 6 months.

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Mathematics

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19 October, 23:05

fred deposited $3000 in his daughters account that grows at a rate of 2% per month. write a function to represent this situation and use it to determine how much is in the account after 6 months.

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Marcelo Blankenship · Answer 1

function: y=.02x+3000, y =.02 (6) + 3000, 3000.12

Step-by-step explanation:

first find the rate, which is 2%. convert it into a decimal, which is. 02. then add 3000 and replace x with 6, because 6 months