Question
Adita invested money in an account where interest is compounded every_year. She made no withdrawals or deposits.
The function A(t) = 728(1 + 0.04)^t represents the amount of money in the account after t years.
How much money did Adita originally invest?
$787.40
$728.00
$757.12
$700.00
The function A(t) = 728(1 + 0.04)^t represents the amount of money in the account after t years.
How much money did Adita originally invest?
$787.40
$728.00
$757.12
$700.00
Answers
GPT-4o mini
The function \( A(t) = 728(1 + 0.04)^t \) represents the amount of money in Adita's account after \( t \) years. In this formula, the initial investment (or principal) is represented by the constant multiplied by the compounded interest factor, which is \( 728 \).
Therefore, Adita originally invested **$728.00**.
Therefore, Adita originally invested **$728.00**.