MATH SOLVE

3 months ago

Q:
# Sam opened a savings account with an initial deposit of $2,000. Since then, he has never made any other deposits or withdrawals. His savings account earns 0.4% interest monthly and an annual bonus of 1.5% interest. Which equation gives the approximate amount, A(x), he has in his savings account as a function of x, the number of years since his initial deposit?A(x) ≈ 2,000 + (1.059)x3A(x) ≈ 2,000(1.019)x2A(x) ≈ 2,000(1.065)xA(x) ≈ 2,000(1.059)x2

Accepted Solution

A:

if my math is correct B or C is what it comes down to