The total amount of money in a savings account after t years is given by the function A=1000(1.023)^t. How could this function be rewritten to identify the monthly interest rate? What is the approximate monthly interest rate?. Look at the picture

The total amount of money in a savings account after t years is given by the function A=1000(1.023)^t. How could this function be rewritten to identify the monthly interest rate? What is the approximate monthly interest rate?. Look at the picture

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300