A savings account earns interest that is compounded monthly at a constant rate of 1.5% per month. If the initial deposit is $500, which of the following functions best models the balance B(t), in dollars, after t years?
A savings account earns interest that is compounded monthly at a constant rate of 1.5% per month. If the initial deposit is $500, which of the following functions best models the balance B(t), in dollars, after t years?