Question

The function below represents the annual interest Alexander earns on a savings account. Identify the term that represents the amount of time that the money is accruing interest. f(x) = 500(1 + 0.02)x  500 1 0.02 x​

Answer 1

Answer:

$\huge \dag \sf{Answer \: is}$

Here, x represents the amount of time that the money is accruing interest.

Step-by-step explanation:

The function below represents the annual interest Alexander earns on a savings account.

f(x) = 500(1 +0.02)x

Here, x represents the amount of time that the money is accruing interest.

We know that, if R% of interest is accrued over a principal of P over time , T,

then the net interest accrued is given by,

   

  

 P×R×T/100