2 years ago

4. On the day Alex was born, his father invested $5000 in an account with a 1.2% annual growth rate.

Mathematics

1 answer:

sergij07 [2.7K]2 years ago

7 0

Answer:

A) A(t) = 5000(1 + 0.012)t

B) A(t) = 106260

Step-by-step explanation:

A) 5000 is the initial amount, 1 + 0.012 is the interest rate, and t represents the years.

B) When we plug 21 into the equation, we get 106260.

I hope this helps!

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