Answer:
The amount Tobie invests in a bank, P = $25
The annual compound interest rate, i = 4%
a. The principal is amount invested in the bank, P = $25
The annual interest rate, i = 4%
b. The function that represents Tobie's account balance, A, after t years is given as follows;
[tex]A(t) = P \cdot (1 + i)^t[/tex]
Where;
A(t) = The amount in the account after t years
P = The principal amount
i = The annual compound interest rate
t = The number of years
c. The values to place in the table are found as follows;
At t = 0, [tex]A(0) = 25 \times(1 + 0.04)^0[/tex] = 25
At t = 10, [tex]A(10) = 25 \times(1 + 0.04)^{10}[/tex] = 37
The given table is presented as follows;
[tex]\begin{array}{ccc}t&&A(t)\\0&&25\\10&&37\end{array}[/tex]
Step-by-step explanation:
