jazztazzholden8
jazztazzholden8 jazztazzholden8
  • 23-04-2018
  • Mathematics
contestada

The function A(t)=525(1+0.05)^t represents the amount of money in the account after t years. How much more money did Taber originally invest?

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skyluke89
skyluke89 skyluke89
  • 05-05-2018
The amount of money originally invested corresponds to the amount of money at time t=0, so we can find it by putting t=0 inside the equation of A(t):
[tex]A(t)=525(1+0.05)^t[/tex]
So, using t=0
[tex]A(0)=525(1+0.05)^0=525 \cdot 1 = 525[/tex]

So, the amount of money originally invested by Taber is 525.
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