Cressida decided to save a part of her income in a savings account that compounds interest every four months. her account balance after t years can be given by the following expression. 3,545(1.045)^3t what does the value 3 in the exponent represent? the growth factor that reveals the rate at which the account balance increases the amount saved each year the number of times the account compounds interest the initial amount invested

i believe

step-by-step explanation:

from my conclusion c

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.