Mathematics

Kyler Marsh

4 July, 04:02

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) x3

A (x) ≈ 2,000 (1.019) x2

A (x) ≈ 2,000 (1.065) x

A (x) ≈ 2,000 (1.059) x2

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Sam opened a savings account with an initial deposit of $2,000. Since then, he has never made any other deposits or withdrawals. His ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Inductive reasoning not a valid way to come up with conjectures true or false

What percent of 1620 dinner rolls is 85 dinner rolls

Solve the equation the square root of the quantity x plus 4 minus 3 equals 1 for the variable. Show each step of your solution process.

It takes 4 people 2 days to paint a wall. How long would it take if we got 8 people to do it?

What letter by convention is used for a varible when another named isn't obvious

New Questions in Mathematics

Which number is farther from 0 on a number line - 9 or 6

What is 3/4x-24 factored

A middle school is sponsoring a 5k fun run to raise money for the library. each runner will receive a t-shirt. the t-shirts for the race cost $345 timers other race equipment cost $85

Jose wants to put a fence around his rectangular garden. His garden measures 31 feet by 33 feet. The garden has a path around it that is 3 feet wide. How much fencing material does Jose need to enclose the garden and path?

Algebra | Sem2 Activity 1.1.1 - Absolute Value Graphs 1. Does the absolute value graph below stretch or shrink? Support your answer. f (x) - 7|x - 5149 • The graph stretches because 7 is bigger than 1.