3. A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded

annually.

(a) Write an equation to represent the amount of money in the account as a function of time in yea

(b) Find the amount of time it takes for the account balance to reach $800.

Question

Kenneth Merritt

21 February, 01:59

+3

Answers (1)

Know the Answer?

Kendall Brennan · Answer 1

I think it is A

Step-by-step explanation:

I think it is A because it says the account earns 1.5 percent

3. A savings account is started with an initial deposit of $500. The account earns 1.5% interest compoundedannually.(a) Write an equation to represent the amount of money in the account as a function of time in yea(b) Find the amount of time it takes for the account balance to reach $800.