Mathematics, 04.01.2021 15:40 ajernandes01

The amount of money in a saving account after t years is represented by the function f(t) = 650(1.027) What does the value 650 represent in this situation?

The amount of money in the savings account increases by $650 each year.

The amount of money in the savings account is 650 times the amount of the previous year.

The amount of money in the savings account decreases by $650 each year.

The initial amount in the account is $650.

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The amount of money in a saving account after t years is represented by the function f(t) = 650(1.02...