Niyati V.
asked • 05/27/21You deposit $1200 in a savings account that earns 3.5% interest a year. Write an equation that represents the balance after t years. What is the balance after 12 years?
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1 Expert Answer
Raymond B. answered • 08/27/25
Tutor
5
(2)
Math, microeconomics or criminal justice
FV = 12Ke^.035(12)
= 12Ke^.42
= about $18,447 after 12 years
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Niyati V.
Pls Help me05/27/21