Lizzie invested $2,000 into an account that earned 5% interest per year. When she cashed out the investment, it was worth a total of $2,205.
Create an equation (using the word bank) that describes Lizzie's investment based on t,
the number of years she kept the account open.
Word Bank:
1.05
0.05
$2.205
$205
t
$2,000

Step-by-step explanation:

The way to approach the problem is this

After one year she has 2000*1.05

After two years she has the money from the last year plus interest, so she has 2000*1.05*1.05

After t years she has 2000*1.05

-1   1/6.   you dont subtract the denominators

step-by-step explanation:

5/12

step-by-step explanation:

give them both a common denominator so you get 9/12 and 4/12. subtract 9/12 from 4/12 to get 5/12.