3 years ago

In the compound interest equation, A(x)= 500(1.07)x, what does the 500 represent?

Mathematics

1 answer:

Sonbull [250]3 years ago

8 0

Answer:

The starting value.

Step-by-step explanation:

In the compound interest equation A(x)= 500(1.07)x, 500 represents the initial balance, or the starting value.

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