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don't pay attention to my work right there because I'm not sure if it's right, the correct answer is c because the teacher say it was c but I don't know how he got that please help and explain pls

dont pay attention to my work right there because Im not sure if its right the correct answer is c because the teacher say it was c but I dont know how he got t class=

Respuesta :

padawan
exponential in form. y=AB^x
put data into calc should get
A = 1000 and B = 1.06
y=1000(1.06^x)

x=30 years, y=1000(1.06^30)=5743

A=1000 is the principal (initial deposit)
B=1.06 mean compound interest 6%