Qiaochu invested some money in a bank account. The relationship between the elapsed time, t, in months, since Qiaochu invested the money, and the total amount of money in the account, M (t), in dollars, is modeled by the following function:
M (t) = 3200 (1.02) t
Complete the following sentence about the monthly percent change in the amount of money in the account.
Every month,
% of money is
the total amount of money in the account.
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