Question

Consider the function A = 200(1.015)t, where A is the amount of money in an account t years after it is opened.

Choose all of the true statements about this function.


The initial deposit is $1015.

The initial deposit is $200.

The annual interest rate is 15%.

The annual interest rate is 1.5%

Answer 1

The answer is “the initial deposit is $200” and “the annual interest rate is 1.5%”