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An investor puts $800 into an account that pays 7.5% interest compounded annually. The total amount A in the account after t years is given by which function below?
A = 800(1.75) ^t
A = 800(1.075) t
A = 800(1.075)^ t
A = 800 + (1.075)^ t

Respuesta :

wegnerkolmp2741o

Answer:

A = 800( 1.075)^(t)

Step-by-step explanation:

The equation for interest is

A = p (1+r/n) ^ nt   where p is the principle, r is the interest rate, n is the number of times per year  and t is the years

A = 800( 1+ .075/1)^(1*t)

A = 800( 1.075)^(t)

Let's see

[tex]\\ \tt\leadsto A=P(1+r/n)^{nt}[/tex]

  • n is 1

[tex]\\ \tt\leadsto A=P(1+r)^t[/tex]

[tex]\\ \tt\leadsto A=800(1+0.075)^t[/tex]

[tex]\\ \tt\leadsto A=800(1.075)^t[/tex]

Option C

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