Answer:
4.5(1.035)^t
Step-by-step explanation:
An inrease of 3.5% means that each year's total is 103.5% of the year before, right?
Year 1 = 4.5(1.035) = 4.66
Year 2 = 4.66(1.035) = 4.82
etc.
So, year 2 is 4.5(1.035)(1.035) = 4.82
Multiplying something by itself can be written with an exponent instead, so 2 years is...
4.5(1.035)2
Since the number of years is the variable (let's call it t)...
