Question

A principal amount of $2.000 is placed in a savings account with a 7% annual interest rate, compounded semi-annually. Which table best models the growth of the account balance?

O
0
1
2
3
4
y $2,000 $2,007 $2.014 $2,021 $2,028
x
O
0
1
2
3
4
y $2,000 $2,140 $2.280 $2,420 $2,560
x
x 0
1
2
3
y $2,000 $2,142.45 $2.295 05 $2,458.51 $2.633 62
O
0
1
2
3
4
y $2,000 $2,145.02 $2,300 55 $2,467 36 $2,646 26
b

Answer 1

Step-by-step explanation:

Answer 2

The correct table that models the growth of the account balance is the third one: x 0 1 2 3 4 y 2,000 2,142.45 2,295.05 2,458.51 2,633.62. This table represents the balance of the savings account with a principal amount of 2,000, a 7% annual interest rate, and compounding semi-annually.

Step-by-step explanation:

The correct table that models the growth of the account balance is:

x 0 1 2 3 4

y 2,000 2,145.02 2,300.55 2,467.36 2,646.26

This table represents the balance of the savings account with a principal amount of 2,000, a 7% annual interest rate, and compounding semi-annually. The balance increases as time goes on, and the growth is calculated using compound interest.