A company opens an account with an initial balance of $\$35,600.00$…

Question

Prompt

A 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 (t) = 35, 600.00 (1.09)^{t}

A (t) = 35, 600.00 (0.09)^{t}

A (t) = 94, 072.38 (1.09)^{t}

A (t) = 94, 072.38 (0.09)^{t}