Prob. 2 Consider the function A(t) = k(1 + i). Suppose that A(O) = 500 and A(1) = 525. (a) Does this amount function represent simple interest or compound interest? Justify your answer. (b) Explain the significance of A(0). (c) Explain what A(1) represents in financial terms. (d) Given the above information, what are the values of k and i? (e) During which year will the amount of money in the account have doubled from its starting value? Notation: For all Problems, t > 0 and t = 0 corresponds to the start of the year 2020, where each increment of 1 corresponds to the passing of one year. (For example, t = 3 corresponds to the start of the year 2023.) You must use radians. Prob 2e: Index times to start of the year 2020