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INVESTING Maria invests $1000 in a savings account that pays 4% interest compounded annually. The value of the account A at the end of five years can be determined from the equation log10 A = log10[1000(1 + 0.04)5]. Write this equation in exponential form

INVESTING Maria invests 1000 in a savings account that pays 4 interest compounded annually The value of the account A at the end of five years can be determined class=

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Answer:

[tex]A=1000(1+0.04)^5[/tex]

Step-by-step explanation:

-The general expression of an exponential function is :

[tex]A=P(1+r)^n[/tex]

where:

  • [tex]A[/tex] is the amount after time t.
  • [tex]P[/tex] is the initial amount
  • [tex]r[/tex] is the rate of growth
  • [tex]t[/tex] is the time.

We substitute our parameter values in the equation as:

[tex]A=1000(1+0.04)^5[/tex]

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