Question

PLEASE I NEED HELP ASAP! The function below represents the interest Jessi earns on an investment. Identify the term that represents the amount of money originally invested. f(x) = 1,000(1 + 0.05)x 1,000 1 0.05 1.05

Answer 1

Answer:

(A) 1,000

Step-by-step explanation:

i just took the test

Answer 2

Answer:

1000

Step-by-step explanation!

The formula for the amount accrued [ƒ(x)] on an investment earning compound interest is f(t) = P(1 + r)^t where:

P = the amount of money invested (the principal)

r = the interest rate per payment period expressed as a decimal fraction

t = the number of periods

Your formula is

f(x) = 1000(1 + 0.05)^x

In comparison, we can see that the term that represents the amount of money originally invested is 1000.