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July 24, 2014

Homework Help: Algebra HELP!

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

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