Question

Please help I will mark brainlist pls

Answer 1

Answer:

a) $g(x) = 600 \cdot 1.05^x$

b) $2,593.17

Step-by-step explanation:

1) a)  Using compound interest formula: $y=a(1+r)^x$

where a is the starting amount, r is the rate in decimal format, and x is the number of years

Given:

• Starting amount = $600
• Annual return = 5% = 0.05

$\implies g(x) = 600 \cdot 1.05^x$

b) when x = 30

$g(x) = 600 \cdot 1.05^{30}=\ 2,593.17$