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mizuky1 mizuky1
  • 25-05-2016
  • Mathematics
Answered

don't pay attention to my work right there because I'm not sure if it's right, the correct answer is c because the teacher say it was c but I don't know how he got that please help and explain pls

don t pay attention to my work right there because I m not sure if it s right, the correct answer is c because the teacher say it was c but I don t know how he class=

Verified Answer :

padawan
padawan padawan
  • 25-05-2016

exponential in form. y=AB^x
put data into calc should get
A = 1000 and B = 1.06
y=1000(1.06^x)

x=30 years, y=1000(1.06^30)=5743

A=1000 is the principal (initial deposit)
B=1.06 mean compound interest 6%

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