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
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following functions has a graph with a vertex that is a translation 5 units horizontally to the right of the vertex of the graph of f (x) = (x + 2) 2 + 2? Answer choices A. g (x) = - (x - 3) 2 + 2 B. g (x) = (x + 7) 2 + 2 C.
Answers (1)
7) length = 20 in; height = 9 in; width = 7 in
Answers (1)
35 gallons of water at first. Due to a leak the amount changed to 32 gallons after 1 hour after another hour it decreased to 26 gallons find the percent decrease in the amount of water from 35gallons to 32 gallons.
Answers (1)
What is the slope intercept form of - 3x-y+7=0
Answers (2)
A Jetske rental company charges a $100 rental fee plus $20 per ever write and solve an equation to determine how many hours you can rent the Jetske for if you have a budget of one $175 A•8.75 hours B•5.75 hours C•3.75 hours D•6.75 hours
Answers (1)
New Questions in Mathematics
14. a. Find the prime factorization of 180. b. Explain why every natural number with a zero in the ones place is a composite number.
Answers (1)
What is the amount of carpet needed in square yards if the room is 12 feet x 15 feet?
Answers (1)
Jessie wants to save the same amount of money each week for a trip. He needs 3,060. if the trip is 36 weeks away, how muchmoney should Jessie save each week?
Answers (1)
I'm gonna buy a shirt on sale that was 20% less than it's original price. The original price was five dollars more than the sale price what was the original price?
Answers (1)
Use the distributive property to simplify 2 - (-3a+4)
Answers (2)