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anonymous
 one year ago
Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function that best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar.
Hint: Use the formula, f(x) = P(1 + r)x.
anonymous
 one year ago
Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the function that best represents Samantha's account and how much does she have in savings after 5 years? Round your answer to the nearest dollar. Hint: Use the formula, f(x) = P(1 + r)x.

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Here are the answer options . f(x) = 500(1.4)x, $2,689 f(x) = 500(0.04)x, $512 f(x) = 500(1.04)x, $608 f(x) = 500(1.04)x, $527

Vocaloid
 one year ago
Best ResponseYou've already chosen the best response.1hints: r = interest rate = 0.04 P = principal amount = 500 your formula is f(x) = P(1+r)^x

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0OK thank you! So would it be c?

Vocaloid
 one year ago
Best ResponseYou've already chosen the best response.1not quite, we still need to check whether it's C or D when x = 5, what does 500(1.04)^x = ?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0It is C. Because when i put 5 for the exponent it came out to be 608.32645. Correct?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Yay! Thank you so much!
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