Mathematics, 05.05.2020 06:29, ceeejay0621

Jim is opening an interest-accruing checking account which compounds interest monthly. The amount in the account, in dollars, after t years is shown by the following function.

Which statement below best describes the exponent, 12t?
A.
the amount of the yearly earnings

B.
the number of times the account has compounded since it was opened

C.
the amount of the initial deposit

Answers: 2

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Jim is opening an interest-accruing checking account which compounds interest monthly. The amount in...