A spinner numbered 1 to 6 is spun ten times, giving the results : 2, 5, 3, 5, 1, 2, 3, 3, 4, 6. The experimental probability of
1 answer:
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Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)