Answer :
Answer:
[tex]y(t) = \$1900*1.0375^t[/tex]
Step-by-step explanation:
If y is the future value of the $1900 investment, in dollars, after t years at a rate of 3.75% per year, compounded annually. The exponential function that describes the relationship between the variables y and t is:
[tex]y(t) = \$1900*(1.0375)^t[/tex]
This relationship means that for every year t, the amount y will increase by a factor of 1.0375.