The equation A = 1750 (1.04) t represents an account balance t years after the account was created.
Which statement is correct?
a
The account balance will increase 4% each year.
b
The account balance will decrease 4% each year.
c
The account balance will increase 0.04% each year.
d
The account balance will decrease 0.04% each year.
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Home » Mathematics » The equation A = 1750 (1.04) t represents an account balance t years after the account was created. Which statement is correct? a The account balance will increase 4% each year. b The account balance will decrease 4% each year.