Please help me
I tried working this out and I can't seem to get it. it's 3 in the morning and I'm stressed

Triangle xyz has vertices x(1,3), y(0,0)

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?

What is the solution for 6 - 7/8? explain the steps.