162k views
1 vote
Nick deposits money in a Certificate of Deposit account (CD). The balance (in dollars) in his account t years after making the deposit is given by N(t)=400(1.06)t for t ≥ 0. Explain, in terms of the structure of the expression for N(t), why Nick's balance can never be $399. 10 ptsb. Tasha deposits money in a similar Certificate of Deposit account (CD). The balance in her account is described, with units as in Nick’s deposit, T(t)=650(1.03)t for t ≥ 0. Use the structure of the expressions for N(t) and T(t) to describe how the two balances compare over time.

User Roshit
by
2.6k points

1 Answer

4 votes

Answer:

Explanation:

User Moselle
by
3.5k points