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3 years ago

8

Ethan opened a savings account that compounds interest yearly. The value of Ethan's account is given by the equation y = 2000(1.

05)x . What is the growth rate of his account?
A. 1.05% B. 0.05% C. 0.0005% D. 5%

2 answers:

ivanzaharov [21]3 years ago

4 0

Answer:

D

Step-by-step explanation:

hope this helps but I'm not sure if it's right sorry if wrong

lorasvet [3.4K]3 years ago

3 0

Answer:

D

Step-by-step explanation:

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Let's say there were "x" in 1996, therefore, "x" is the 100%.

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$\bf \begin{array}{ccll}
amount&\%\\
\text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\
x&100\\
12440&1226
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Answer:

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Step-by-step explanation:

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---------------------------------------------------

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