Mathematics, 16.01.2021 01:00 2023jpeterson
Jamie puts an initial $900 into a savings account. The account has a 7% annual compound interest rate. What is the function that best represents Jamie's account and how much does he have in savings after 5 years? Round your answer to the nearest dollar.
Hint: Use the formula, f(x) = P(1 + r)x
A. f(x) = 900(1.7)x, $1,081
B. f(x) = 900(1.07)x, $1,262
C. f(x) = 900(1.07)x, $1,081
D. f(x) = 900(0.07)x, $1,262
Answers: 2
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Jamie puts an initial $900 into a savings account. The account has a 7% annual compound interest rat...
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