Question

PLEASE HELP ME PLEASE PLEASE
Torren deposits $4500 in an account earning 2% interest, compounded
annually. The equation that represents this situation is:
A(n) = 4500(1 + 0.02)" - 1
How much will he have in the account at the beginning of year 9? Round your
answer to the nearest dollar.

Answer 1

An amount of $ 5272 he will have in the account at the beginning of year 9. Option D is corect.

What is the equation?

A mathematical statement consisting of an equal symbol between two algebraic expressions with the same value is known as an equation.

The expression is;

$\rm A(n) = 4500(1+0.02)^{n-1}$

At the beginning of 9-year value of n is 9,substitute the value to get he amount;

$\rm A(n) = 4500(1+0.02)^{n-1} \\\\ \rm A(n) = 4500(1+0.02)^{9-1} \\\\ A(n) = \ 5272$

Hence, option D is corect.

To learn more, about equations, refer;

https://brainly.com/question/10413253

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