Math genius help me please
1 answer:
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Answer:
Find out the what does the value 500 represent in this situation .
To prove
As given
The amount of money in a savings account after t years is represented by the function.
Exponential function for amount is given by .
Wher a is the initial value, r is the rate in decimal form and t is the time.
Compare the functions
and
Thus a = 500
Therefor $500 is the initial value .