Question

51. A bank account earning annual compound interest was opened, and no additional deposits or withdrawals were made after the initial deposit. The balance in the account after x years can be modeled by b(x) = 850(1.025)*. Which statement is the best interpretation of one of the values in this function? A. The initial balance of the account decreases at a rate of 97.5% each year. B. The balance in the account increases at a rate of 2.5% each year. C. The initial balance of the account was $1,025. D. The balance in the account at the end of one year is $850.

Answer 1

Answer:

I think it's b

Step-by-step explanation:

but I'm not sure