Question

You invest $4000 at 4.7% annual interest compounded annually. Which gives the balance in your account (A) in terms of the years from now (t)? Selected Answer: a. A = 0.047 (4000) t Answers: a. A = 0.047 (4000) t b. A t+1 = At + 0.047 and A0 = 4000 c. At+1 = At (1.047) and A0 = 4000 d. A = 4000 (1.047t)

Answer 1

The answer is B.

Hope I helped!
~ Zoe