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Kevin makes an initial deposit into a saving account with an unnual interest rate. the amount of money in kevin's saving account, f(x), in dollars, can be modeled by the equation of function f(x)=250(1 0.02)^x. what does 0.02 represent in this situation?

User Monokrome
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2 Answers

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Answer:

The annual interest rate

User Kasnady
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It represents the annual interest rate.
User Princekin
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