Lily manipulated the function representing account B in order to compare the rates of accounts A and B. Her work is
shown here:
B (t) = 3,000 (1.008) 120
= 3,000 (1.008) 4•
= 3,000 (1.008) 4.4
= 3,000 (1.0084,4
- 3,000 (1.0324) *
Which statement is true?
Lily should have multiplied 1.008 by 4 instead of raising 1.008 to the power of 4.
Lily didn't make any mistakes.
Lily should have divided 12 by 4 instead of 3.
Lily should have raised 1.008 to the power of 3 instead of 4.
What statement is true
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