Question

5. Casey's bank account offers him 2% interest every year, given by the equation

g(x)= 1.02. If Casey deposits $5,625 in his bank account, which equation
represents the amount of money that will be in his account after 2 years?

Answer 1

Casey will have 5852.25 in his bank account after 2 years.

Step-by-Step Explaination:

2%=0.02

0.02*5625=112.5

112.5+5625=5737.5

0.02*5737.5=114.75

114.75+5737.5=5852.25