Answer: (i) A = 2500 ^(1.035)^n
(ii) A =$ 4,974.47
Step-by-step explanation:'
The exponential function is given as :
A = P
Where :
A = amount
P = principal
r = rate %
n = number of years
substituting , the exponential function to model the situation becomes
A = 2500 (
(ii) when n = 20 , the Amount becomes
A = 2500(
A =$ 4,974.47
