An account is opened with $7,595.96 with a rate of increase of 2% per year. after 1 year, the bank account contains $7,746.90. a

Question

2 years ago

14

An account is opened with $7,595.96 with a rate of increase of 2% per year. after 1 year, the bank account contains $7,746.90. a

ssuming no deposits or withdrawals are made, which equation can be used to find y, the amount of money in the account after x years? (round money values to the nearest penny.)

SAT

1 answer:

Tasya [4] · Answer 1 · 2023-03-10T20:49:51+03:00

Tasya [4]2 years ago

5 0

Answer:

It's C

Step-by-step explanation:

y = 7,595.96(1.02)x

the initial beginning value times .02 after adding 1 to it so you would get 1.02 instead since it's an increase raised by x which indicates how many years it was to reach the new value.