2. A savings account is started with an initial deposit of $600. The account earns 2.1 % 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 $800. Show your work.
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Home » Mathematics » 2. A savings account is started with an initial deposit of $600. The account earns 2.1 % interest compounded annually. (a) Write an equation to represent the amount of money in the account as a function of time in years.