Desmos Graphing Calculator
Archive·Advanced Math·Nonlinear functions
mediumA company opens an account with an initial balance of $35,600.00. The account earns interest, and no additional deposits or withdrawals are made. The account balance is given by an exponential function A, where A(t) is the account balance, in dollars, t years after the account is opened. The account balance after 15 years is $129,672.38. Which equation could define A?
A
A(t)=35,600.00(1.09)t
B
A(t)=35,600.00(0.09)t
C
A(t)=94,072.38(1.09)t
D
A(t)=94,072.38(0.09)t