Adita invested money in an account where interest is compounded every year. She made no withdrawals or deposits.

The function [tex]A(t)=728(1+0.04)^t[/tex] represents the amount of money in the account after [tex]t[/tex] years. How much money did Adita originally invest?

A. [tex]\$ 700.00[/tex]
B. [tex]\$ 728.00[/tex]
C. [tex]\$ 787.40[/tex]
D. [tex]\$ 757.12[/tex]



Answer :

To determine how much money Adita originally invested, we need to evaluate the given function at [tex]\( t = 0 \)[/tex]. The function provided is:

[tex]\[ A(t) = 728(1 + 0.04)^t \][/tex]

To find the initial investment, we substitute [tex]\( t = 0 \)[/tex] into the function:

[tex]\[ A(0) = 728(1 + 0.04)^0 \][/tex]

Remember that any number raised to the power of 0 is equal to 1. Therefore, we have:

[tex]\[ A(0) = 728 \cdot 1 \][/tex]

Simplifying this, we get:

[tex]\[ A(0) = 728 \][/tex]

So, the amount of money Adita originally invested is \[tex]$728.00. Thus, the correct answer is: \[ \boxed{728} \] The answer choice that matches this amount is: B. $[/tex]\[tex]$ 728.00$[/tex]