Brenda is opening a savings account which compounds interest quarterly. Her banker gave her the following expression to find the amount that will be in the account, in dollars, after t years.

Which statement below best describes the exponent, 4t?
the amount of the yearly earnings

the number of times the account has compounded since it was opened

the amount of the initial deposit

the rate at which the account is increasing

Question

Brenda is opening a savings account which compounds interest quarterly. Her banker gave her the following expression to find the amount that will be in the account, in dollars, after t years.



Which statement below best describes the exponent, 4t?
the amount of the yearly earnings

the number of times the account has compounded since it was opened

the amount of the initial deposit

the rate at which the account is increasing

anonymous · Answer

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