Hector deposits $400 dollars into a simple interest account. the interest rate for the account is 5.25 %. the function is p (t) = 400+21t represents the balance of the bank account as a function of time. Determine the number of years it will take for the account balance to reach given amount. (given amounts are $610, $1405, $2500, double original deposit, triple original deposit)
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Home » Mathematics » Hector deposits $400 dollars into a simple interest account. the interest rate for the account is 5.25 %. the function is p (t) = 400+21t represents the balance of the bank account as a function of time.