Answer:
Shiloh initially invested $125, which grows annually at a rate of 2.5%.
Step-by-step explanation:
The balance in the account is given by the following exponential expression,
Exponential growth formula is
Where P is the initial amount invested
r is the rate of interest
When we compare the formula with given expression , we can see that we have 125 in the place of P
So initial amount invested is $125
Now we find out 'r'
1+ r = 1.025
Subtract 1 on both sides
r= 0.025
To get percentage we multiply by 100
0.025 * 100 = 2.5%
Shiloh initially invested $125, which grows annually at a rate of 2.5%.