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OpenStudy (anonymous):
Aaron deposited $591.07 in a savings account that earns 3.7% simple interest. What is Aaron’s account balance after seven years?
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undeadknight26 (undeadknight26):
Lets make a function: f(x) = 591.07(3.7)^x so lets plug in the 7 for x.. 3.7 to the 7th power would be:9493.1877 so...what did i do wrong...
OpenStudy (texaschic101):
I = PRT I = (591.07)(.037)(7) once you find I, add that to 591.07 and you will have your account balance
OpenStudy (texaschic101):
that is if he didn't deposit any more money into his savings account
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