Question

Pankaj is a Biomedical Engineering student. He plans to deposit $600 that he earned as stipend, in

a bank account at 3% rate of interest compounded weekly for no more than 2 years. The total
amount of the money, A, that Pankaj will get back, is a function of time, t. Which is a reasonable
domain of the money that he may accumulate?

Answer 1

The correct answer is A: 600 <= money <= 2822.4.

This represents the range of possible values that Pankaj's accumulated money could fall into, given the specified conditions of the 3% interest rate compounded weekly for a maximum of 2 years. The lower bound, 600, represents the initial deposit amount, while the upper bound, 2822.4, represents the maximum amount of money Pankaj could earn after 2 years, assuming that interest is compounded every week.