The amount of money in an account is given by A = P(1+r)*, where Pis the principal invested, r is the interest rate (as a decimal), and t is the time of the investment. Find the amount at the end of (t=) 2 years if (P=) $600 is invested at 5% (r=0.05). Use appropriate units and round to the nearest cent.

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A:

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.