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PLS HELP NEED THIS IN 1 HOUR 25 POINTS!!!! The function below represents the annual interest Alexander earns on a savings account. Identify the term that represents the amount of time that the money is
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PLS HELP NEED THIS IN 1 HOUR 25 POINTS!!!!

The function below represents the annual interest Alexander earns on a savings account. Identify the term that represents the amount of time that the money is accruing interest.

f(x) = 500(1 + 0.02)x

500
1
0.02
x

User Gaf King
by
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1 Answer

0 votes

Answer:

500: starting amount

(1 + 0.02): interest/growth rate

x: time

Explanation:

User Fkorsa
by
4.7k points
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