Posted by **Shannon** on Monday, August 23, 2010 at 6:13pm.

$100 is deposited in a savings account that pays 4% interest compounded annually.

A) how much is in the account after 5 years?

B) use logarithms to determine how many years it will take for the account to grow to $1000.

Could someone show me how to do this step by step? Thank you

## Answer This Question

## Related Questions

- differential equation - If P(t) is the amount of dollars in a savings bank ...
- Lat math question for some days. Can y'all help? - Huan deposited $850 into a ...
- Algebra - Show how you substitute the values into the formula, then use your ...
- Math - (a) Themba wants to deposit a sum of money into a savings account so that...
- math - Phil deposited $1,000 in a savings account. How much will he have in his ...
- Math - I need to see how this is answered. 1. Lauren deposited $200 into her ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- Math - a person deposited $500 in a savings account that pays 5% annual interest...
- math - 37. A person deposited $500 in a savings account that pays 5% annual ...
- Math - A person deposited $500 in a savings account that pays 5% annual interest...

More Related Questions