A$10,000 deposit at the bank will double in value in 9 years. give a formula for the accumulated amount t years after the investment is made

Step-by-step explanation:

A $10,000 deposit at the bank will double in value in 9 years.

If the interest is r% and it is compounded each year, then we can write from the formula of compound interest that

⇒

⇒

⇒ r = 8%

Therefore, the formula for the accumulated amount t years after the investment is made will be  

where, P is the invested principal and S is the accumulated sum. (Answer)

y=mx+b

step-by-step explanation:

m slope, b y-intercept