Michelle invests $1000 at a bank offering 3% compounded quarterly. Write an equation to model the growth of the investment.
A) A = 1000(1.03)4t
B) A = 1000(1+.03
4
)t
C) A = 1000(1+.03
4
)4t
D) A = 1000((1.03)
4
)4t