Three years ago, Andy invested $7,000 in an account that earns 10% interest compounded annually. The equation y = 7,000 (1.10) t describes the balance in the account, where t is time in years. Andy made no additional deposits and no withdrawals. How much is in Andy's account at this time? Round to the nearest dollar.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Three years ago, Andy invested $7,000 in an account that earns 10% interest compounded annually. The equation y = 7,000 (1.10) t describes ...” 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.
Home » Mathematics » Three years ago, Andy invested $7,000 in an account that earns 10% interest compounded annually. The equation y = 7,000 (1.10) t describes the balance in the account, where t is time in years. Andy made no additional deposits and no withdrawals.