The equations that represent the balance in three different savings accounts x years after 2012, A(x) = 900(1.05)* B(x) = 1100(1.038)* C(x) = 5000(0.85)* Which of the following statements are TRUE? Check all that apply. Account C had the largest balance in the year 2012. Account A is growing faster than account B. The balance of Account A is growing at a rate of 5% per year. The balance of Account C is decreasing at a rate of 85% per year.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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The equations that represent the balance in three different savings accounts x years after 2012,
A(x) = 900(1.05)
B(x) = 1100(1.038)*
C(x) = 5000(0.85)*
Which of the following statements are TRUE? Check all that apply.
Account C had the largest balance in the year 2012.
Account A is growing faster than account B.
The balance of Account A is growing at a rate of 5% per year.
The balance of Account C is decreasing at a rate of 85% per year.
X
Transcribed Image Text:The equations that represent the balance in three different savings accounts x years after 2012, A(x) = 900(1.05) B(x) = 1100(1.038)* C(x) = 5000(0.85)* Which of the following statements are TRUE? Check all that apply. Account C had the largest balance in the year 2012. Account A is growing faster than account B. The balance of Account A is growing at a rate of 5% per year. The balance of Account C is decreasing at a rate of 85% per year. X
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