Question

part b estimate the balance in the account after a year.
substitute ______ for t in the equation.
using $y = 1609(0.992)^t$, the balance in the account after a year
is about ______.

Explanation:

Step1: Substitute t=1 into equation

$y = 1609(0.992)^1$

Step2: Calculate the account balance

$y = 1609 \times 0.992 = 1596.128$

Answer:

Substitute $\boldsymbol{1}$ for t in the equation.
The balance in the account after a year is about $\boldsymbol{1596.13}$ (rounded to the nearest cent, or $\boldsymbol{1596}$ if rounding to the nearest whole number)