Share

## 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

Question

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?

in progress
0

Mathematics
6 months
2021-07-26T12:56:25+00:00
2021-07-26T12:56:25+00:00 1 Answers
3 views
0
## Answers ( )

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!