Model the situation with a dynamical system. Use your model to answer the question.You deposit $971 in a bank account paying 4% yearly interest that is compounded annually. How much will be in your account at the end of 4 years?

A. An+1 = 4An, n = 0, 1, 2, ..., where A0 = 971; $248,576.00
B. An+1 = 1.04An, n = 0, 1, 2, ..., where A0 = 971; $1135.93
C. An+1 = 1.04An, n = 0, 1, 2, ..., where A0 = 971; $1009.84
D. An+1 = 0.04An, n = 0, 1, 2, ..., where A0 = 971; $0.00


Answer: B

Mathematics

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