Adeposit of $5,000 is made into a savings account that offers 7.5% annual interest. which equation models the amount of money in the account after t years?
p(t) = 5,000(1.75)t
p(t) = 5,000(1.075)t
p(t) = 5,000(0.925)t
p(t) = 5,000(0.25)t

Step-by-step explanation:

Given: The initial deposit = $5000

The rate of annual interest = 7.5% = 0.075

We know that the exponential growth equation is given by :-

, where A is the initial amount, r is the rate of interest in x years.

Thus, for the given situation, the equation models the amount of money in the account after t years is given by :-

∈3,600

step-by-step explanation: