A(t) = 500(1.0325)^t
500 is the initial deposit, t=0, A(0)=500
3.25% is the interest rate
t is in years
Let's go through the choices.
After 1 year ... A(1)=500. Don't check; it's A(0) that equals 500, A(1) is bigger.
The rate is 1.03%. Don't check; the base being exponentiated is 1 plus the rate.
Rate is 3.25%. TRUE that's why we have 1 + 0.0325 as the base.
Rate is 5%. Don't check.
Only one right answer.
Answer:
Here ya go
Step-by-step explanation:
Examples: 1+2, 1/3+1/4, 2^3 * 2^2
(x+1)(x+2) (Simplify Example), 2x^2+2y a x=5, y=3 (Evaluate Example)
y=x^2+1 (Graph Example), 4x+2=2(x+6) (Solve Example)
I think the answer is d hope this helps
