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