anonymous
  • anonymous
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.
Mathematics
jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
HELP!!!
welshfella
  • welshfella
here P = 500 and r = rate , x = 5 years write the rate 4% as a decimal
anonymous
  • anonymous
.04

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welshfella
  • welshfella
yes rate = 0.04
welshfella
  • welshfella
so just plug in P = 500 , r = 0,04 and x = 5
anonymous
  • anonymous
plug it in where?
welshfella
  • welshfella
into the formula
anonymous
  • anonymous
oh nvm lol
welshfella
  • welshfella
given in the Hint
anonymous
  • anonymous
idk y i asked that
welshfella
  • welshfella
lol don't worry

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