Franklin deposits $3500 in an account that earns 3.5% interest compounded annually.

What function equation represents the balance of the account after t years?

The correct answer to this question is this equation:

f (t) = 3500 * (1.035) ^t

The statement that says, "Franklin deposits $3500 in an account that earns 3.5% interest compounded annually" can be stated in a form of function.

3.5% - - > 0.035 + 1 for 1 year

$3500 - - > $3500

So the equation would be

f (t) = $3500 * 1.035^t