Mr. Bert deposited $5000 into an investment account with an annual interest rate of 3.75%. What equation models this situation?(1 point)
Responses
y = 5000(4.75)t
y = 5000(4.75)t
y = 5000(3.75)t
y = 5000(3.75)t
y = 5000(1.0375)t
y = 5000(1.0375)t
y = 5000(.0375)t
The equation that models this situation is:
y = 5000(1.0375)t