$780 is invested in an account earning 2% interest (APR),

Last updated: 8/9/2022

$780 is invested in an account earning 2% interest (APR), compounded monthly. Write a function showing the value of the account after t years, where the annual a growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent.