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Mathematics, 09.03.2021 18:40 Jbutler15

Tatiana deposits 5600 into a bank account that pays 4.75% interest compounded annually. The expression (1 + 0.0475)' represents the number of dollars in the account after t years for every dollar in the original balance. Which of the following is a reasonable interpretation of the expression
600(1 + 0.0475)' in this context?
A
The amount of interest the account ears after 1 year
B.
The amount of interest the account ears after 600 years
С
The amount of money in the account after 1 year
D
The amount of money in the account after t years

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Answers: 2

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Tatiana deposits 5600 into a bank account that pays 4.75% interest compounded annually. The expressi...
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