4 years ago

The equation B = 1400(1.05)^5 is being used to calculate the amount of money in a savings

Mathematics

1 answer:

marishachu [46]4 years ago

6 0

<h3>Answer: 5% growth (fourth choice)</h3>

the base of the exponent 1.05 is in the form 1+r

1+r = 1.05 which solves to r = 0.05 when we subtract 1 from both sides

Since r is positive, it represents growth.

0.05 = 5/100 = 5%

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