You just got your first paycheck of $1,750 and you decide to put it into a savings account. The bank will pay you 4%
interest each year you leave your money in the bank. You
know from your bridge class that you can find out how
much money will be in the bank after any number of years
(x) using this formula.
y 1,750(1.04)* You want to buy a used car for
2,100.
How many years must you keep the money in the bank
before you can buy the car. In other words, what is the
first year that you have saved enough money to buy the
car