Mathematics, 16.02.2021 17:10 yasameenakbari

A bank account with an initial deposit of $4,000 and an interest rate of 4% increases by 4% each year. The balance (B) as a function of time in years (t) can be described by an exponential function: B(t) = 4,000(1.04)t What parameter would change if the interest rate were changed to 7%?

Parameter
(select)
would change if the interest rate were changed to 7%.

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