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For problems 16 - 18: Chris has $ 3500 that is to beinvested in an...

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Algebra

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For problems 16 - 18: Chris has $ 3500 that is to beinvested in an account with 6% interest compoundedmonthly.Write the formula to calculate the accountbalance.A =3500e0.005tA =1.06(3500) 2t? A = 3500(1.005) 2tA = 3500(1.06)2tA = 3500e1.06t

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