Michelle invests $1000 at a bank offering 3% compounded quarterly. Write an equation to model the growth of the investment.
A) A = 1000 (1.03) 4t
B) A = 1000 (1+.03
4
) t
C) A = 1000 (1+.03
4
) 4t
D) A = 1000 ((1.03)
4
) 4t
+3
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Home » Mathematics » Michelle invests $1000 at a bank offering 3% compounded quarterly. Write an equation to model the growth of the investment. A) A = 1000 (1.03) 4t B) A = 1000 (1+.03 4 ) t C) A = 1000 (1+.03 4 ) 4t D) A = 1000 ((1.03) 4 ) 4t