SOLUTION: An initial investment of $21,500 is placed in a bank account that earns 3.92% interest, compounded annually. At the end of 6 yrs the money is withdrawn from the bank. The function
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Question 1102295: An initial investment of $21,500 is placed in a bank account that earns 3.92% interest, compounded annually. At the end of 6 yrs the money is withdrawn from the bank. The function A(t)=21,500(1.0392)^t models the value of the investment. The variable t represents the length of the investment in years. What is the reasonable domain for the function given this situation?
A. any rational number t, such that 0≤t≤3.92
B. any whole number t, such that 21,500≤t≤27,079
C. any whole number t, such that 0≤t≤6
D. any rational number t, such that 3.92≤t≤6
Answer by josgarithmetic(39627) (Show Source): You can put this solution on YOUR website!
The function by itself does not have an upper restriction. The problem description gives the restriction to the domain, so if you look for the restriction there,
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