Mathematics, 22.04.2020 23:56 spowell4657

The expression 10,600(1.0385)x represents the amount of money in an investment account with interest that compounds annually for x years. Interpret the meaning of the expression.

A

The initial investment is $10,385, and the growth rate of the investment is 1.06%.

B

The initial investment is $10,385, and the growth rate of the investment is 6%.

C

The initial investment is $10,600, and the growth rate of the investment is 1.0385%.

D

The initial investment is $10,600, and the growth rate of the investment is 3.85%.

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