Answer: (i) A = 2500 ([tex](1.035)^{n}[/tex]
(ii) A =$ 4,974.47
Step-by-step explanation:'
The exponential function is given as :
A = P[tex](1+r)^{n}[/tex]
Where :
A = amount
P = principal
r = rate %
n = number of years
substituting , the exponential function to model the situation becomes
A = 2500 ([tex](1.035)^{n}[/tex]
(ii) when n = 20 , the Amount becomes
A = 2500([tex](1.035)^{20}[/tex]
A =$ 4,974.47
