The amount of money, in dollars, in an account after t years is given by a = 1000(1.03) t . the initial deposit into the account was $ a0 and the interest rate is a1% per year.

Initial deposit = $1000

Rate of interest per year = 3%  

Step-by-step explanation:

The amount of money, in dollars, in an account after t years is given by :

where A is the amount and t is the time in years

To find the initial deposit and initial rate of interest convert the given equation into standard form.

The standard form is :

So, Comparing the equations (1) and (2)

Initial deposit = $1000

Rate of interest per year = 3%

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step-by-step explanation:

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