Day1201
24.03.2022 •
Mathematics
Please help
Miguel deposits $2000 into a bank account that earns simple interest. He writes the equation A(t) = 2000(1.07) t to represent the value of the account after t years,
Based on Miguel's equation, how long will it take for the account to grow to $5,000?
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Ответ:
based on the equation he would make $2.5 in the first month but realistically he would earn around $30 in the first month
Step-by-step explanation:
2000+2000(.015)(1/12)=2002.5
2002.5-2000=2.5
Ответ:
35
Step-by-step explanation: