Suppose you deposit a principal amount of P dollars in a bank account that pays compound interest. If the annual interst rate is r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money A you would have after t years is given by
A(t)=P [1+r/n]^m

Which equation below shows the amount of money you would have after t years if you deposit $1000 into an acount paying 4% annual interest compounded quarterly (four times per year)?

Question

Suppose you deposit a principal amount of P dollars in a bank account that pays compound interest.  If the annual interst rate is r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money A you would have after t years is given by
A(t)=P  [1+r/n]^m

Which equation below shows the amount of money you would have after t years if you deposit $1000 into an acount paying 4% annual interest compounded quarterly (four times per year)?