The function f (x) = 3,189 (1 + 0.05) x represents the amount of money in a savings account where x represents time in years. What does the 3,189 represent?

Question

Mathematics

Arjun Krause

25 April, 10:14

The function f (x) = 3,189 (1 + 0.05) x represents the amount of money in a savings account where x represents time in years. What does the 3,189 represent?

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Answers (2)

Know the Answer?

Paul Leonard · Answer 1

The initial amount of money placed in the savings account.

Liliana Davenport · Answer 2

Answer: The answer is A: The initial amount of money placed in the savings account.

Step-by-step explanation: Obviously it would be the initial amount of money because 1.05 is only 1 dollar and 5 cents. So the obvious answer would be that 3,189 would be money. It wouldn't be The amount of money in the savings account after one year Because it's nearly impossible to get a job that pays that low or save that low amount of money. It also wouldn't be The amount of money added to the savings account each year because you would have to be making good money for it to be that answer and the last answer is out of the question.