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Leni [432]
3 years ago
10

The expression 1.01\cdot1.005^t1.01⋅1.005

Mathematics
1 answer:
nikdorinn [45]3 years ago
3 0

Answer:

   Carter's initial balance (in thousands)

Step-by-step explanation:

The expression seems to indicate that Carter's savings are earning 0.5% interest per year. The overall multiplier, 1.01, appears to be Carter's initial balance. It is in thousands.

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