Posted by **Adriana** on Monday, June 11, 2012 at 12:40pm.

If a sum of money is deposited in a savings account that is paying x percent annual interest (expressed as a decimal), then this sum of money increased by a factor of (1+x)^3 after 3 years.

A. multiply this expression

B. Evaluate the polynomial expression found in part (A) for an annual interest rate of 10% or x=0.1.

multiply the expression:

(1+x)^3

- Algebra HELP! -
**Steve**, Monday, June 11, 2012 at 3:11pm
kind of pointless in this context, but

(1+x)^3 = 1 + 3x + 3x^2 + x^3

(1 + .1)^3 = 1.1^3 = 1.331

Technically, the problem is worded wrong. If the rate is x% annually, then the expression is (1 + x/100).

## Answer this Question

## Related Questions

- algebra 2 - If a sum of money is deposited in a savings account that is paying x...
- Math - (a) Themba wants to deposit a sum of money into a savings account so that...
- math - Samantha opened a savings account and deposited some money into the ...
- Math - If you deposit P dollars into a bank account paying an annual interest ...
- algebra - If x dollars is deposited every four weeks (13 times a year) into an ...
- 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...

More Related Questions