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5 months ago

Mathematics

College

The equation that represent the amount in the account after t years is A = 100(1.06)^t

This is an interest on an amount of money. The formula for calculating the compound interest is expressed as;

A = P(1 + r)^tP is the principal = 100

r is the rate = 6% = 0.06

If the interest is compounded annually, the equation that represent the amount in the account after t years is given a:

A = 100(1+0.06)^tA = 100(1.06)^t

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The

equation that represent the amount in the account after t years isA = 100(1.06)^t## Compound interest

This is an

interest on an amount of money. The formula for calculating the compound interest is expressed as;A = P(1 + r)^t

P is the principal = 100

r is the rate = 6% = 0.06

If the

interestis compounded annually, theequation that represent the amount in the account after t years is given a:A = 100(1+0.06)^t

A = 100(1.06)^tLearn more on

compound interest here: https://brainacademy.pro/question/13160996#SPJ1