Mathematics

4 July, 03:25

The amount of money,

A

(

t

)

A (t)

in a savings account that pays 3% interest, compounded quarterly for

t

t

yesrs, when an initial investment of $2000 is made, is given by

A

(

t

)

=

2000

(

1.0075

)

4

t

A (t) = 2000 (1.0075) 4t

.

+5

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