Write a function that represents the balance after t years.

$2000 deposit that earns 5% annual interest compounded quarterly

y =

Write a function that represents the balance after t years.

$2000 deposit that earns 5% annual interest compounded quarterly

y =

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Answer:Step-by-step explanation:Given:Amount deposit P = $2,000

Time t = t year (yearly) = 4t(quarterly)

Rate r = 5% annual = 5/4 = 1.25% (quarterly) = 0.0125

Find:Amount after t year (Y)

Computation:A = P[1+r]ⁿ

So,