A savings account with $1,000 has no other
deposits or withdrawals made. The account earns
2...
Mathematics, 23.08.2021 19:50 Dancy31uv
A savings account with $1,000 has no other
deposits or withdrawals made. The account earns
2.5% annual interest t years after the $1,000 was
deposited. The function f(t) = 1,000(1.025)* can
be used to represent the balance, in dollars, in
the savings account.
Which amount is closest to f(5), the balance, in
dollars, in the account at the end of 5 years?
A 5,125
B 5,000
C 1,362
D 1,131
E 1,064
Answers: 3
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