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4. On the day Alex was born, his father invested $5000 in an account with a 1.2% annual growth rate.
Answer the questions below.
(a) Write a function, A(t), that represents the value
of this investment t years after Alex's birth.
(b) Use your equation to determine how much the
investment will be worth when Alexander turns
21
Please help me

Respuesta :

Answer:

A)    A(t) = 5000(1 + 0.012)t

B)    A(t) = 106260

Step-by-step explanation:

A) 5000 is the initial amount, 1 + 0.012 is the interest rate, and t represents the years.

B) When we plug 21 into the equation,  we get 106260.

I hope this helps!

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