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Elena-2011 [213]
3 years ago
7

The equation A= 1750(1.04)^t represents an account balance t years after the account was created. Which statement is correct?

Mathematics
1 answer:
Eddi Din [679]3 years ago
7 0

Answer:

<u>The correct statement is D. The account balance will increase 4% each year.</u>

Correct statement and question:

The equation A = 1750(1.04)^t represents an account balance t years after the  account was created.

Which statement is correct?

A. The account balance will decrease 0.04% each year.

B. The account balance will increase 0.04% each year.

C. The account balance will decrease 4% each year.

D. The account balance will increase 4% each year.

Source:

Tennessee Comprehensive  Assessment Program  - Algebra I Practice Test

Step-by-step explanation:

Let's recall that 1.04 is the result of adding:

1 + 0.04 and, we can also write 0.04 as 4/100 or 4%,

in consequence,

1.04 = 1 + 4%, where we're increasing an additional 4%.

<u>The correct statement is D. The account balance will increase 4% each year.</u>

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