In the formula y=a*b^x What value would you use for b if 4%is an annual interest rate

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Guest Feb 1, 2015

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Best Answer

b=1+r=1+0.04=1.04

This is assuming that the interest is being earned and is being added to the account yearly.

Melody Feb 2, 2015

Melody · Answer 1 · 2015-02-02T10:59:14

b=1+r=1+0.04=1.04

This is assuming that the interest is being earned and is being added to the account yearly.