Can someone work this out
melinda invested $1000 in a retirement account. the formula below...
Mathematics, 08.01.2020 12:31 andybiersack154
Can someone work this out
melinda invested $1000 in a retirement account. the formula below shows the amount of money, a, that will be in their account at the end of t years.`
a = 1000(1 + r)^t
in the formula , r is the interest rate, expressed as a decimal. melinda’s account has an interest rate of 6%. mwhich of the following is the closest to the amount that will be in melinda’s account at the end of 2 years?
a)$1120 b)$1256 c)$1124 d)$1360
Answers: 3
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