Question

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. Assuming 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.) y = 7,746.90(1.02)x y = 7,746.90(0.02)x y = 7,595.96(1.02)x y = 7,595.96(0.02)x

Answer 1

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.

Answer 2

Answer:

C

Step-by-step explanation: