Investors buy a studio apartment for $140,000. Of this amount, they have a down payment of
2 answers:
You might be interested in
Answer:
Option 4
The term that represents the amount of time that the money is accruing interest is 'x'.
Step-by-step explanation:
Given : The function below represents the annual interest Alexander earns on a savings account.
To find : Identify the term that represents the amount of time that the money is accruing interest ?
Solution :
The general annual interest formula is
Where, A is the amount
P is the principal
r is the interest rate
t is the time
The annual interest Alexander earns on a savings account is
Comparing with general formula,
t=x
The term that represents the amount of time that the money is accruing interest is 'x'.
Therefore, Option 4 is correct.