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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 4â„… 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

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