Algebra 2 help.. I'll give medals, fans, trophies, everything idk.
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Victoria has $200 of her birthday gift money saved at home, and the amount is modeled by the function h(x) = 200. She reads about a bank that has savings accounts that accrue interest according to the function s(x) = (1.05)x − 1. After combining the two functions, the new function is g(x) = 200(1.05)x − 1. Using complete sentences, explain what this new function means.
Let's break this down a bit.
The $200 is Victoria's gift money that she saved at home
the function s(x)=(1.05)x-1 accrue (meaning something you receive regularly) interest.
If the $200 is multiplied to the interest she will be receiving that means that Victoria is looking into saving her money in the bank through a savings account and she is trying to find the interest that the bank is paying through depositing her $200.