Question

2 points

7) My savings account increases in value by 4% every year. I started with
$10,000. Which of the following equations can be used to represent the
value of my account over time. *
f(x) = 10000(0.04)^x
f(x) = 10000(1 -0.04)^x
Of(x) = 10000(1.04)^x
O f(x) = 10000(0.96)*x

Answer 1

Answer: 10000(1.04)^x

Step-by-step explanation: every year your interest increases 4%

And you get multiplier 1.04. After first year you have 10400 and next year you multiply it by 1.04 again.