Respuesta :
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.
[tex]f(x)=500(1+0.02)^x[/tex]
To find : Identify the term that represents the amount of time that the money is accruing interest ?
Solution :
The general annual interest formula is [tex]A=P(1+r)^t[/tex]
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
[tex]f(x)=500(1+0.02)^x[/tex]
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.
Answer:
option far
Step-by-step explanation:
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.
