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ipn [44]
3 years ago
5

A savings account with compounded interest can be modeled by which type of graph?

Social Studies
1 answer:
sergeinik [125]3 years ago
5 0
<span>A savings account with compounded interest is modeled by a geometric progression. The geometric progression uses the formula A* (1+i/100)^n, where A is the capital invested, i is the % interest rate and n is the number of periods. Being A and i two constants and n the independent variable, the formula is an exponential function. then the type of graph that best models the saving accounts is an expnential graph.</span>
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