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You put $100 in a savings account that pays an annual interest rate of 4% for 2 years. Which equations correctly model the interest earned "i" if you keep the money in the account an additional "t" year?
a. i=100*0.04(t-2)
b. i=100*0.04(2+t)
c. i=100t+200
d. i=100*0.04t-100*2
e. i=100(t+2)
f. i=100*0.04*2+100*0.04t
o and p.s.- the * symbol means multiply

2006-11-13 10:16:51 · 5 answers · asked by littlelorenbree 1 in Science & Mathematics Mathematics

5 answers

That depends on how often the interest is compounded.

2006-11-13 10:19:41 · answer #1 · answered by sudonym x 6 · 0 0

General form for interest will be 100*(0.04)^t.

For two years, t=2, for two years plus more years, 2+t.

First two years = 100*(0.04)^2

More years past two = 100*(0.04)^(2+t).

This looks the most like b, but I don't see the exponent operand in any of the answers.

2006-11-13 18:32:51 · answer #2 · answered by Action 4 · 0 0

I = 100(.04)^(2 + t)

ANS : b.)

2006-11-13 18:47:53 · answer #3 · answered by Sherman81 6 · 0 0

c i think buy agian wat he the dude above me said but my guess is most likeley c

2006-11-13 18:25:28 · answer #4 · answered by b baller 2 · 0 0

SORRY

2006-11-13 18:32:36 · answer #5 · answered by 2"CUTE"2B30 4 · 0 0

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