Question

I WILL GIVE YOU MORE POINTS IF YOU HAVE A GOOD ANSWER

Elaine deposited $500 at 4.25% compounded continuously for t number of years.

Model the given situation with a function showing the amount A, accumulated after t years.

Find the domain of the function.

Answer 1

A=Pe^rt

A: Amount
P: Principle
r: Rate (4.25%; .0425)
t: Time in years

A= 500e^(.0425*t)