Kristin's grandparents started a savings account for her when she was born. They invested $500 in an account that pays 8%

Question

Kristin's grandparents started a savings account for her when she was born. They invested $500 in an account that pays 8% interest compounded annually. 
a. Write an equation to model the amount of money in the account on Kristin's x^th birthday.
b. How much money is in the account on Kristin's 16th birthday?
c. What are the domain and range of the equation that you wrote in part (a)?

Kunduz · Accepted Answer

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