Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
Answer:
a = 8 ÷ 1/8
Step-by-step explanation:
All I really did was put another variable similar to the x in the original problem, then I changed the numbers to be a bit lower while still keep the original work-- In a short term, I lowered the 9s to 8s.
Answer:
the answer is 7.33
Step-by-step explanation:
I used a calculator