Oliver plans to purchase a $1,500 certificate of deposit (CD) at his bank. The CD will earn 2.3% interest, compounded semi-annually.
Write an exponential expression in the form a(b)c, where b is a single value, to find the value of the CD, in dollars, after t years. Round any decimals to the nearest ten-thousandth. Do not include dollar signs or percent symbols in the expression.
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The CD will earn 2.3% interest, compounded semi-annually. Write an exponential expression in the form a(b)c, where b is a single value, to find the value of the CD, in dollars, after t years. Round any decimals to the nearest ten-thousandth.
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