contestada

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in Carter's savings account (t) years after he opens it. What does 1.01 represent in this expression?

Respuesta :

Answer:

Step-by-step explanation:

Carter's savings account had $1,010 it when he opened it.

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Answer:

That is his starting amount.

Step-by-step explanation:

This is as this is the first thing there, and has no exponent and is therefore not the multiplier.