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Which of the following is an exponential model that shows
an initial investment of $200 dwindling by 3% annually.
A. a(t) = 200(1+0.03)
B. a(t)= 200(1 – 0.03)
C. a(/) = 200(1-0.3)
D. alt)= 200(1-3)

Respuesta :

samuelonum1

Answer:

Option A. a(t) = 200(1+0.03)

Step-by-step explanation:

Given data

principal P= $200

rate r= 3%

time t= 1 year

Required

The final amount A

We know that the expression for the simple interest is given as

A=P(1+rt)

so the equivalent expression is

A. a(t) = 200(1+0.03)

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