Match the descriptions with the compound interest formulas.

Last updated: 7/18/2022

Match the descriptions with the compound interest formulas. A(t) gives the balance in dollars in an account after t years. A(t) = a(1+ r/4)^4t A(4) = a(1 + r/k)^4k A(t) = a(1 + 0.04/k)^kt A(t) = 4(1 + r/k)^kt A(t) = a(1 + 1.04/k )^kt This account starts with 4 dollars. This is the balance in the account after 4 years. This account earns interest at a 4% nominal rate This account earns interest 4 times a year. None of these