The function f (x) = 3,267 (1 + 0.02) * represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?

A. The amount of money in the savings account after one year

B. The amount of money added to the savings account each year

C. The initial amount of money placed in the savings account

D. The growth rate

Question

Mathematics

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29 August, 03:01

The function f (x) = 3,267 (1 + 0.02) * represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?

A. The amount of money in the savings account after one year

B. The amount of money added to the savings account each year

C. The initial amount of money placed in the savings account

D. The growth rate

+4

Answers (2)

Know the Answer?

Fly · Answer 1

C. The initial amount of money placed in the savings account

Step-by-step explanation:

f (x) = 3,267 (1 + 0.02) ^x

This is in the form

y = a b^x

where a is the initial amount

b is the growth rate

x is the time

3267 is the initial amount

1.02 is the growth rate, so it grows by. 02 or 2 percent

and x is the time

Kimberly Ayers · Answer 2

The function f (x) = 3,267 (1 + 0.02) * represents the amount of money in a savings account where x represents time in years. What does the 3,267 represent?

Answer:

C. The initial amount of money placed in the savings account