Answered

Susanna deposits $400 in a savings account with an interest rate of 3% compounded annually. What equation could Susanna use to calculate
how many years it will take for the value of the account to reach $600?

Answer :

Answer:

600=400(1.03)^x

Step-by-step explanation:

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Parrain

The equation that Susanna could use to calculate how long it would take for the account to reach a value of $600 is 600=400(1.03)^x.

How is future value found?

Future value is calculated as:

= Amount x (1 + rate) ^ number of years

If the number of years is to be found and the future value is already known, then the number of years can be x:

600 = 400 x (1 + 3%) ^ number of years

600 = 400(1.03)^x

Find out more on future value at https://brainly.com/question/24703884.

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