Ask your own question, for FREE!
Mathematics 21 Online
OpenStudy (anonymous):

An investment increases in value by 6.2 percent every year that it is left in a deposit account. If the initial value of the investment is P, which of the following is the correct formula connecting the current value, V, with time t in years. I believe its; v=p x 6.2^t am i correct? cheers

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!