$7,200 is invested in an account earning 4.6% interest (APR), compounded monthly. Write a function showing value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (AYP), to the nearest hundredth of a percent

7200 is invested in an account earning 46 interest APR compounded monthly Write a function showing value of the account after t years where the annual growth ra class=

Respuesta :

Rabin
so comounded monthly
y = 7200(1+(0.046/12))^0.046t

Answer:

Step-by-step explanation:

I really don’t know