Friday
August 22, 2014

Homework Help: Math

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

First Name:
School Subject:
Answer:

Related Questions

differential equation - If P(t) is the amount of dollars in a savings bank ...
Algebra - Show how you substitute the values into the formula, then use your ...
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...
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...
Math - Please check my work, thank you If $7,800 is deposited into an account ...
math - Samantha opened a savings account and deposited some money into the ...
Math - Find the future value of $800 deposited at 5% for 2 years if the account ...

Search
Members