10. An investment account earns 5.4% interest compounded yearly. The beginning balance was $3390. Let t represent the mumber of years since the account was opened. Which function models the growth of the account?

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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10. An investment account earns 5.4% interest compounded yearly. The beginning balance was $3390. Let t
represent the mumber of years since the account was opened. Which function models the growth of the account?
A f(t) = 3390 (5.4)
B f(t) = 5.4 (3390)
C f(t) = 3390 (1+5.4)*
D f(t) = 3390 (1+ 0.054)
Transcribed Image Text:10. An investment account earns 5.4% interest compounded yearly. The beginning balance was $3390. Let t represent the mumber of years since the account was opened. Which function models the growth of the account? A f(t) = 3390 (5.4) B f(t) = 5.4 (3390) C f(t) = 3390 (1+5.4)* D f(t) = 3390 (1+ 0.054)
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