Question down there to long for up here?

2 ⤊

Question down there to long for up here?

You put $10,000 in a bank account which pays 8% interest per year. Find
the defining equation of the function f which describes how much money
you will have in the bank after x years.

2007-01-16 03:42:48 · 3 answers · asked by Bill B 1 in Science & Mathematics ➔ Mathematics

3 answers

The equation is

f(x) = 10000 x (1.08)^x

2007-01-16 03:57:11 · answer #1 · answered by catarthur 6 · 0⤊ 1⤋

Money = 10.000*(1.08)^x suposing capitalization is at the end of every year

2007-01-16 04:19:11 · answer #2 · answered by santmann2002 7 · 1⤊ 0⤋

why are you askin math questions let alone confussin math questions that you probably can do urself

2007-01-16 03:48:02 · answer #3 · answered by juggalette~dopey 1 · 1⤊ 1⤋