Homework Help: Algebra

Posted by Cassie on Thursday, April 16, 2009 at 3:47pm.

Suppose that P dollars are invested in a savings account at interest rate I, compounded annually, for 2 years. The amount A in the account after 2 years is given by A = P(1 + i)^2. Find an equivalent polynomial expression for A.

Please help if you can!

Thank you! :-)

Algebra - Reiny, Thursday, April 16, 2009 at 4:38pm
expand (1+i)^2

(I don't know why anybody would want to do that in this case)
Question - Cassie, Thursday, April 16, 2009 at 5:16pm
Do you mean (1 + i)(1+ i)?

Answer this Question

Related Questions

Algebra - Suppose that P dollars is invested in a savings account at interest ...
Compound interest - Hello My teacher skipped over this and I have no clue how to...
Algebra - Suppose that P dollars is invested in a savings account at interest ...
differential equation - If P(t) is the amount of dollars in a savings bank ...
Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...
Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...
Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...
Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...
algebra 2 - Barry Newman's savings account has a balance of $2707. After 4 ...
Precalculus - NEED HELP ASAP PLEASE!! A savings account starts with $600 and ...

For Further Reading

First Name:
School Subject:
Answer: