02-02-2017
Mathematics

Answered

If a client invests 4000 and the interest rate was calculated semi-annually, then write a function that could be used to determine the amount of money in the account over time

Verified Answer :

02-02-2017

A= 4000(1 + r/2)^(2t)
A = amount in the account after over time.
r = rate changed to decimal
t = time in years

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