Question

The amount of money in a savings account after t years is represented by the function f(t)=500(1.015)t.

What does the value 500 represent in this situation?




The amount of money in the savings account increases by $500 each year.

The amount of money in the savings account is 500 times the amount of the previous year.

The amount of money in the savings account decreases by $500 each year.

The initial amount in the account is $500.

Answer 1

It should be the amount of amount of money that increases by 500$ each year

Explanation:

after t years is represented

Answer 2

Answer: I just did the test and the answer is "The initial amount in the account is $500."

Explanation: