Which ordered pair is not in the solution
1 answer:
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The formula to find the final amount A, compounded yearly for x year at r% when p is the initial amount :
Given that, $1000 is deposited into an account that earns 5% interest.
So, p = 1000 and r =5% = 5/100= 0.05.
Next step is to plug in these values in the above equation to get the equation.
Hence,
=
So, the correct choice is C) y=1000(1.05)^x.
Hope this helps you!