Fatima deposits $600 in an account that pays 3.65% annual interest compounded daily. Use the fact that there are approximately 365 days is a year.


Which equation represents the account balance A after t years?

A=600⋅(1.0365)^365t


A=600⋅(1.0365)^12t


A=600⋅(1.0001)^365t


A=600⋅(1.0001)^t