Question

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

Answer 1

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!