Question

A bank charges a fee on savings accounts that are inactive for an extended period of time. The equation y=7500(0.97)^x represents the value,y, of one account that was left inactive for a period of x years. What is the y-intercept of the equation and hwat does it represent

Answer 1

The y-intercept is 7500 and it represents when the account is still active or have been inactive for 0 years.

Answer 2

7500, the amount of money in the account initially

Explanation: