3. A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded
annually.
(a) Write an equation to represent the amount of money in the account as a function of time in yea
(b) Find the amount of time it takes for the account balance to reach $800.

Amanager recorded the number of bicycles sold by his company each quarter. his projected sales after t years is given by the expression below. which of the following statements best describes the expression? a. the initial sales of 575 bicycles increases at the rate of 4% over 4 quarters. b. the initial sales of 575 bicycles increases at the rate of 18% over 4 years. c. the initial sales of 575 bicycles increases at the rate of 4% over t quarters. d. the initial sales of 575 bicycles increases at the rate of 18% over t years.