Question

Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function that best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar.
Hint: Use the formula, f(x) = P(1 + r)x.

Answer 1

HELP!!!

Answer 2

here P = 500 and r = rate , x = 5 years
write the rate 4% as a decimal

Answer 3

.04

Answer 4

yes rate = 0.04

Answer 5

so just plug in P = 500 , r = 0,04 and x = 5

Answer 6

plug it in where?

Answer 7

into the formula

Answer 8

oh nvm lol

Answer 9

given in the Hint

Answer 10

idk y i asked that

Answer 11

lol don't worry