The growth of a certain savings account is described by the table below: ... t (years) S(t) (amount in t _years) 1 $3200 $3280 $3362 $3446.06 2 3 Find the formula that describes the growth of this savings account. S(t) = 3200(1 + .069)* B s(t) = 4200(1 + .044)* S(t) = 3200(1 + .042)* S(t) = 3200(1 + .025)*

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
Problem 11CT
icon
Related questions
Question

Pls help

The growth of a certain savings account is described by the table below:
...
t (years)
S(t) (amount in t
_years)
1
2
3
$3200 $3280 $3362 $3446.06
Find the formula that describes the growth of this savings account.
A
S(t) = 3200(1 + .069)*
B S(t) = 4200(1+.044)*
© s(t) = 3200(1 +.042)*
S(t) = 3200(1+ .025)*
Transcribed Image Text:The growth of a certain savings account is described by the table below: ... t (years) S(t) (amount in t _years) 1 2 3 $3200 $3280 $3362 $3446.06 Find the formula that describes the growth of this savings account. A S(t) = 3200(1 + .069)* B S(t) = 4200(1+.044)* © s(t) = 3200(1 +.042)* S(t) = 3200(1+ .025)*
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning