Answer:
x = 1.02.
Step-by-step explanation:
The x is a factor worked out from the annual interest written as a decimal fraction.
So we have 2% = 2/100 = 0.02.
The amount at the end of the first year is $100 + 0.02*100
= $100* 1.02, and in the second year it will be $100* 1.02^t where t = 2 and so on.
So we see that x in the given expression is 1.02.
Answer:
What’s the question
Step-by-step explanation:
Answer:
The function is 2 I believe
Step-by-step explanation:
