Question

A company invests $10,000 in a mutual fund account that earns a fixed

interest per year. The account balance, Alt), in dollars, after t years is shown
in the table below.
t
1
2
3
Alt)
10,800.00
11,664.00
12,597.12
Which of the following equations represents Aſt)?
A(t) = 10,000 + 1.08t
A(t) = 10,000(1.08) - 1
A(t) = 10,800(1.08)
A(t) = 10,800(1.08) - 1
You

Answer 1

a(t)=10000+1.08t

Explanation:

t

1

2

3

Alt)

10,800.00

11,664.00

12,597.12