Mathematics, 28.11.2019 19:31 toxsicity
Nicole opens a savings account with an initial deposit of $5,000. since then, she has never made any other deposits or withdrawals. her savings account earns 4℅ intrest compounded monthly. which equation gives the approximate amount, a(x), she has in her savings account as a function of x, the number of years since her initial deposit?
1. a(x)= 5,000^(0.96x)
2. a(x)= 5,000(0.959)^x
3. a(x)= 5,000 + 0.04x
4. a(x)= 5,000^(1.04x)
5. a(x)= 5,000(1.041)^x
Answers: 2
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