Question

The amount in a savings account after x years is represented by A = P(1 + r)* Suppose A = 2100(1.04)* models the amount in your
savings account. Select TWO correct statements.
es -
A)
x is a factor of 1.04
B)
The rate of increase is 4%.
0
x is a factor of 2100(1.04)
D)
2100 represents the initial deposit
E)
2100(1.04) represents the initial deposit

Answer 1

Answer:

B. The rate of increase is 4%

D. 2100 represents the initial deposit.

Step-by-step explanation:

Look at the equation modeling the savings account.

A = 2100(1.04)

1.04 represent the percent the current account is of the previous one.

That is a 4% increase, which remains the same, so B is one of the correct answers.

2100 was the original deposit, so D is correct as well.

Knowing this, B and D are correct.