HELP PLEASE IM IN A TEST PLEASE HELP

Precalculus question, image attached.

An account with a $250 balance accrues 2% annually. if no deposits or withdrawals are made, which graph can be used to determine approximately how many years will it take for the balance to be $282? it's e2020 ni️️as

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?