Social Studies, 13.10.2020 05:01 rustalex6045
The function f(x) = 2,500(1 + )365t models the balance in a savings account. Which statement accurately describes the account?
A.
The account had an initial balance of $2,500 and compounds monthly at an annual interest rate of 2.1%.
B.
The account had an initial balance of $2,500 and compounds yearly at an annual interest rate of 2.1%.
C.
The account had an initial balance of $2,500 and compounds daily at an annual interest rate of 0.21%.
D.
The account had an initial balance of $2,500 and compounds daily at an annual interest rate of 2.1%.
Answers: 1
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The function f(x) = 2,500(1 + )365t models the balance in a savings account. Which statement accurat...
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