Julie is opening a savings account at a bank that offers new clients 0.1% interest compounded quarterly. she deposits $1,700 when she opens the account. write an exponential expression in the form a(b)c, where b is a single value, to find the amount of money, in dollars, that will be in the account after t years. round any decimals to the nearest hundred-thousandth and do not include dollar signs in the expression.

Initial amount deposited (a) = $1,700.

Rate of interest (c) = 0.1% compounded quarterly =0.001 quarterly = 0.001/4 = 0.00025.

Number of years = t.

Let us assume amount after t years would be = $b.

We know, compund interest formula.

Total balance = Deposited amount (1- rate of interrest)^time.

Plugging values in formula,

We have a=$1700, c =0.00025.

Plugging those values, we get

Or

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