Get the answers you've been looking for with the help of IDNLearn.com's expert community. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.

In 2009, a principal of $3600 was invested at 3.75% interest, compounded annually. let t be the number of years since 2008. let y be the value of investment, in dollars. Write an exponential function showing the relationship between y and t.

Sagot :

Answer:

3,600 x (1.0375) ^ 1

Step-by-step explanation:

Compund interest formula.

IA * (r + 1) ^t

IA = Initial amount; r = rate (as decimal); t = time (in years)

IA = 3600

r = .0375

t = 1 (2008-2009)

3,600 x (1.0375)^1

-- Gage Millar, Algebra 1/2 Tutor, (Pending Pre-Calc Tutor)