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A savings account compounds interest, at a rate of 17%, once a year. John puts $1,000 in the account as the principal. How can John set up a function to track the amount of money he has? A(x) = 1000(17)x where 17 is the interest rate A(x) = 1000(.17)x where .17 is the interest rate A(x) = 1000(1 + .17)x where .17 is the interest rate A(x) = 1000(1 + 17)x where 17 is the interest rate

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The answer would be f(t)= 1000(1+0.75)^t
User Vladimir Potapov
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