Question

The amount of money in a savings account after t years is represented by the function f(t)=3600(1.035)t .

Answer 1

I think that I had this question a while back, I’m pretty sure the answer is C

Answer 2

Answer:  The initial amount in the account = $3600

Step-by-step explanation:

Since we have given that

The amount of money in a savings account after t years is represented by the function

$f(t)=3600(1.035)^t$

As we know the formula "Compound Interest" :

$Amount=P(1+\frac{r}{100})^t\\\\Here,\\\\\text{ P denotes principal}\\\\\text{ R denotes Rate of interest}\\\\\text{ T denotes time}$

So, According to our question,

Rate of interest = 0.35 = 35%

So, equate the both the equations , we get that

Hence, The initial amount in the account = $3600