Question

The function M(t)=100(1.02)^t represents the amount of money in a savings account t years after it was opened.

Complete the sentence.

The amount of money in the account was initially $_ and is increasing _% per year.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The amount of money in the account was initially $100 and is increasing 2% per year.