The function f(x) = 3,267(1 + 0.02)* represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?
2 answers:
The function f(x) = 3,267(1 + 0.02)* represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?
Answer:
C .The initial amount of money placed in the savings account
Answer:
C .The initial amount of money placed in the savings account
Step-by-step explanation:
f(x) = 3,267(1 + 0.02)^x
This is in the form
y = a b^x
where a is the initial amount
b is the growth rate
x is the time
3267 is the initial amount
1.02 is the growth rate, so it grows by .02 or 2 percent
and x is the time
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