In 2009, a principal of $3600 was invested at 3.75% interest, compounded annually. let t be the number of years since 2008. let y be the value of investment, in dollars. Write an exponential function showing the relationship between y and t.

Answer:

3,600 x (1.0375) ^ 1

Step-by-step explanation:

Compund interest formula.

IA * (r + 1) ^t

IA = Initial amount; r = rate (as decimal); t = time (in years)

Answer:Step-by-step explanation: