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Arisa [49]
3 years ago
15

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

Mathematics
1 answer:
marishachu [46]3 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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