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nlexa [21]
3 years ago
5

The function below represents the annual interest Alexander earns on a savings account. Identify the term that represents the am

ount of time that the money is accruing interest. f(x) = 500(1 + 0.02)x 500 1 0.02 x
Mathematics
2 answers:
lisabon 2012 [21]3 years ago
4 0

Answer:

Option 4

The term that represents the amount of time that the money is accruing interest is 'x'.

Step-by-step explanation:

Given : The function below represents the annual interest Alexander earns on a savings account.

f(x)=500(1+0.02)^x

To find : Identify the term that represents the amount of time that the money is accruing interest ?

Solution :

The general annual interest formula is A=P(1+r)^t

Where, A is the amount

P is the principal

r is the interest rate

t is the time

The annual interest Alexander earns on a savings account is

f(x)=500(1+0.02)^x

Comparing with general formula,

t=x

The term that represents the amount of time that the money is accruing interest is 'x'.

Therefore, Option 4 is correct.

Andreyy893 years ago
4 0

Answer:

The answer is x.

Step-by-step explanation:

(Just took the test)

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