Mathematics, 13.12.2020 19:10 marciii
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: 2
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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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