Mathematics, 16.02.2021 17:10, shelovejaylocs

A bank account with an initial deposit of $1,000 and an interest rate of 6% increases by 6% each year. The balance (B) as a function of time in years (t) can be described by an exponential function: B(t) = 1,000(1.06)t What is the y-intercept of B(t)?

The y-intercept of B(t) is
.

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A bank account with an initial deposit of $1,000 and an interest rate of 6% increases by 6% each yea...