Question:

A person invested $4, 300 in an account growing at a rate

Last updated: 8/14/2022

A person invested $4, 300 in an account growing at a rate

A person invested $4, 300 in an account growing at a rate allowing the money to double every 12 years. Write a function showing the amount of money in the account after t years, where the annual 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, to the nearest hundredth of a percent.