Some banks charge a fee for a savings account that is left inactive for an extended period of time. The equation y = 5000(0.98)X represents the amount remaining, y, of one
account that was left inactive for a period of x years. What does the number 5000
represent in this situation?
A fee charged for
an inactive account
The percent of
money in the
account after x
years
The amount of
money in the
account initially
The amount of
money in the
account after x
years