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Marco deposited $300 in a bank accountafter speaking to a bank representative. Therepresentative showed Marco the exponentialequation by which the balance of his accountwill be determined as it accumulates interestover time. The equation is shown below.f(t) = 300 • 1.03^t

Respuesta :

The value 1.03 represents the factor by which the amount of money in the accounts is multiplied each years. that is, option C

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