Overview
The value "V" of a bank account in which $400 is invested at 8% interest compounded annually is given by the equation V=400 x (1.08)^t, where "t" is the time in years. Find out how long it takes before the account has $10,000.
Calculus · Studypool
The value "V" of a bank account in which $400 is invested at 8% interest compounded annually is given by the equation V=400 x (1.08)^t, where "t" is the time in years. Find out how long it takes before the account has $10,000.