Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation, y = 60 (1 + 0.04) x, can be used to determine the number of years, x, it takes for Jacob's balance to reach a certain amount of money, y. Jacob graphs the relationship between time and money.
What is the y-intercept of Jacob's graph?
What is the equation of the asymptote?
If Jacob doesn't deposit any additional money into the account, how much money will he have in eight years? Round your answer to the nearest cent.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation, y = 60 (1 + 0.04) x, can be ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Simplify 10/15 Find the greatest common factor of the denominator and divide both by that number.
Answers (1)
If 3/5 of a chorus is singing. What fraction of the chorus is not singing?
Answers (1)
59.9338a+58.9332 (0.031720577-a) = 1.8712 solve for a
Answers (1)
Square root of 38416 with steps
Answers (1)
What is the population density of 20 beetles in 5 square meters?
Answers (1)
New Questions in Mathematics
If tan x° = z divided by 10 and cos x° = 10 divided by y, what is the value of sin x°?
Answers (1)
Which model is most appropriate for each set. (-3,-1), (-1,1) (0,2) (1,3)
Answers (1)
Rami is solving the equation for x. - 6x - 1 = 5 - 6x - 1 1 = (5 1) - 6x = 6 - 6x - 6 = 6 - 6 x = - 1 Which operation symbols should Rami write in the and the?
Answers (1)
24 ounces of soap equals how many grams
Answers (2)
If 2 * 2 + 2 + 2 = 25, what is the value of?
Answers (1)