Mathematics, 13.11.2020 16:40 martl4175
On balances greater than $5,000, a savings account pays an annual interest rate of 1% on the first $5,000 and 2% on the amount of the balance exceeding $5,000. The amount of interest after 1 year when the balance is over $5,000 is given by the formula below, where I is the interest in dollars, and x is the present balance in dollars.
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On balances greater than $5,000, a savings account pays an annual interest rate of 1% on the first $...
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