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28 June, 04:03

The expression 1.01*1.005 (^t) gives the amount of money, in thousands of dollars, in Carter's savings account (t) years after he opens it. What does 1.01 represent in this expression?

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  1. 28 June, 04:18
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    Step-by-step explanation:

    Carter's savings account had $1,010 it when he opened it.
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