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kap26 [50]
3 years ago
13

Kevin makes an initial deposit into a saving account with an unnual interest rate. the amount of money in kevin's saving account

, f(x), in dollars, can be modeled by the equation of function f(x)=250(1 0.02)^x. what does 0.02 represent in this situation?
Mathematics
1 answer:
dalvyx [7]3 years ago
5 0
It represents the annual interest rate.
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