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anonymous

  • one year ago

Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function that best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar. Hint: Use the formula, f(x) = P(1 + r)x.

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  1. anonymous
    • one year ago
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    HELP!!!

  2. welshfella
    • one year ago
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    here P = 500 and r = rate , x = 5 years write the rate 4% as a decimal

  3. anonymous
    • one year ago
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    .04

  4. welshfella
    • one year ago
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    yes rate = 0.04

  5. welshfella
    • one year ago
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    so just plug in P = 500 , r = 0,04 and x = 5

  6. anonymous
    • one year ago
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    plug it in where?

  7. welshfella
    • one year ago
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    into the formula

  8. anonymous
    • one year ago
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    oh nvm lol

  9. welshfella
    • one year ago
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    given in the Hint

  10. anonymous
    • one year ago
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    idk y i asked that

  11. welshfella
    • one year ago
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    lol don't worry

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