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LekaFEV [45]
2 years ago
8

The value of a bank account, y, increases by 5% each year, x. If the initial value of the account is $800, which equation repres

ents this situation?
Mathematics
1 answer:
Mashcka [7]2 years ago
6 0

Answer:

Equation to represent the situation = 800=Y(1.05)^X

Step-by-step explanation:

Given:

Initial investment = Y

Growth rate (r) = 5% = 5 / 100 = 0.05

Number of year (n) = X year

Amount after X year = $800

Find:

Equation to represent the situation:

Computation:

Amount = Initial\ investment (1+r)^n\\\\800 = Y (1+0.05)^X\\\\800 = Y (1.05)^X\\\\

Equation to represent the situation = 800=Y(1.05)^X

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