Question

The function f(x) = 3,267(1 + 0.02)x represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?

The amount of money in the savings account after one year
The amount of money added to the savings account each year
The initial amount of money placed in the savings account
The growth rate

Answer 1

Am i right with C?...

Answer 2

@axie

Answer 3

And why would that be? (prove answer)

Answer 4

wait actually, c?

Answer 5

3,267 represents The initial amount of money placed in the savings account

Answer 6

f(x) = 3,267(1 + 0.02)^x

This is in the form

y = a b^x

where a is the initial amount

b is the growth rate

x is the time

3267 is the initial amount

1.02 is the growth rate, so it grows by .02 or 2 percent
f(x) = 3,267(1 + 0.02)^x

This is in the form

y = a b^x

where a is the initial amount

b is the growth rate

x is the time

3267 is the initial amount

1.02 is the growth rate, so it grows by .02 or 2 percent

and x is the time

So what does a=?

Answer 7

initial amount?

Answer 8

Yuh!

Answer 9

so

Answer 10

it is c

Answer 11

Yup!

Answer 12

ty