D. A bank account earning annual compound interest was opened, and no additional deposits or withdrawals were made after the initial deposit. The balance in the The initial balance of the account was $1,025. account after x years can be modeled by b(x) = 850(1.025)" The balance in the account at the end of one year is $850. Which statement is the best interpretation of one of the values in this function? O The balance in the account increases at a rate of 2.5% each year. The initial balance of the account decreases at a rate of 97.5% each year. CLEAR ALL
D. A bank account earning annual compound interest was opened, and no additional deposits or withdrawals were made after the initial deposit. The balance in the The initial balance of the account was $1,025. account after x years can be modeled by b(x) = 850(1.025)" The balance in the account at the end of one year is $850. Which statement is the best interpretation of one of the values in this function? O The balance in the account increases at a rate of 2.5% each year. The initial balance of the account decreases at a rate of 97.5% each year. CLEAR ALL
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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