A health club charges a one-time sign-up fee and a monthly membership fee. The equation y=24x+15y=24x+15 represents what the hea
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Answer:
Option b
Step-by-step explanation:
We have a compound interest problem. With an annual interest rate of 0.675 and an initial payment of 8500, with t = 25 years
Then you must use the annual compound interest formula, which is represented by a growing exponential function:
Where:
h is the interest rate of 0.675
y is the money in the savings account as a function of time
Then substitute the values in the formula and we have: