The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?
Einstein office equipment has a rental plan for office machines. a fax machine that lists for $722.98 can be rented for 22% of the price annually. the state imposes a usage charge of 3.2%. if stephen hawking travel decides to rent the fax machine, what will its total monthly rental charge be?