Question

Please help :(

Answer 1

A principal of
$3500
was invested at
3.75%
interest, compounded annually.
Let
t
be the number of years since the start of the investment. Let
y
be the value of the investment, in dollars.
Write an exponential function showing the relationship between
y
and
t
.

Answer 2

to increase a number by \(3.75\%\) multiply it by \[100\%+3.75\$=103.75\%=1.0375\]

Answer 3

to do it \(t\) times, multiply it by \(1.0375^t\)

Answer 4

omg i just thought of something all because of you!!! Thank you @satellite73