The equation A=1250(1.03)^7 is being used to calculate the amount of money in a savings account. What does the 1.03 represent in this equati

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The equation A=1250(1.03)^7 is being used to calculate the amount of money in a savings account. What does the 1.03 represent in this equation?

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bonexptip 6 months 2021-07-26T12:56:25+00:00 1 Answers 3 views 0

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    2021-07-26T12:57:55+00:00

    Answer:

    The amount of Interest

    Step-by-step explanation:

    I’m 98% sure. It make sense because that how much interest ^7 you would multiply by 1250. And I’ve had questions like this. Hope this helps!

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