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You have 12 000 to invest One bank pays 8 interest compounded semiannually and a...

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Algebra

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You have 12 000 to invest One bank pays 8 interest compounded semiannually and a second bank pays 3 9 interest compounded monthly Complete parts a and b a Use the formula for compound interest to write a function for the balance in each bank at any time t Write a function for the balance in the first bank at any time t Choose the correct answer below OA A 12 000 1 0133 2t OC A 12 000 0 96 OE A 12 000 1 04 2t BOCOD OB A 12 480 OD A 12 000 1 08 OF A 12 000 0 04

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