anonymous
  • anonymous
A savings account compounds interest, at a rate of 15%, once a year. Elizabeth puts $800 in the account as the principal. How can Elizabeth set up a function to track the amount of money she has?
Algebra
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
Do you know the formula for compound interest?
anonymous
  • anonymous
\[F = P (1+\frac{ r }{ n })^{nt}\]
anonymous
  • anonymous
Oh i remember now, thank you

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anonymous
  • anonymous
F is your future value. r is the annual rate, n is the number of compounds per year, t is the time in years
anonymous
  • anonymous
Great. Do you know how to write the equation?
anonymous
  • anonymous
yes
anonymous
  • anonymous
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