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In the compound interest equation, A(x)= 500(1.07)x, what does the 500 represent? The starting value the growth factor the amount in the account after x years the annual rate of interest
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In the compound interest equation, A(x)= 500(1.07)x, what does the 500 represent?

The starting value

the growth factor

the amount in the account after x years

the annual rate of interest

User Matteo Gobbi
by
8.2k points

1 Answer

6 votes

Answer:

The starting value.

Explanation:

In the compound interest equation A(x)= 500(1.07)x, 500 represents the initial balance, or the starting value.

User Ranjit Iyer
by
8.0k points
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