Dwight deposits $150 into his new savings account. The account earns 5% interest compounded annually.

Write a function to model the amount in his account, A, over t years, assuming he makes no other deposits or withdrawals. Write your function in the form A=P(1 +r)^t

2Points
Use the math editor to write your function.

Answer the question in complete sentences.

Hint:

P is the initial amount in the account.
Change the interest rate from a percent to a decimal by moving the decimal 2 places to the left and substitute this number in for r.