Question

Ryan invested $5000 in an account that averaged 5% growth per year. Which equation would be used to best model the situation?

Answer 1

f(x)=5000(1+0.05)^x

Explanation:

Use the formula: f(x)=P(1+b)^x

P is principal or y-intercept. 5000 is principal.

b is the percentage in decimal form. 0.05 is b.

x is time, in this case years. Since there is not a certain number of years leave x as x.

f(x)=5000(1+0.05)^x

Hope this helps!

If not, I am sorry.