The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in Carter's savings account (t) years after he
opens it. What does 1.01 represent in this expression?
1 answer:
Answer:
Step-by-step explanation:
Carter's savings account had $1,010 it when he opened it.
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Let the price be p. Then 1.10p = $8.25. Solving for p, p = $750 (answer)
