Answer
$y=4.50(1.035)^t$
Work Step by Step
Initial value $a=\$4.50$
Rate of growth $r=3.5\%=0.035$
The exponential growth function is
$\Rightarrow y=a(1+r)^t$
Substitute $4.50$ for $a$ and $0.035$ for $r$.
$\Rightarrow y=4.50(1+0.035)^t$
Simplify.
$\Rightarrow y=4.50(1.035)^t$.
