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45 votes
45 votes
An account is opened with $7,595.96 with a rate of increase of 2% per year. after 1 year, the bank account contains $7,746.90. assuming no deposits or withdrawals are made, which equation can be used to find y, the amount of money in the account after x years? (round money values to the nearest penny.)

User Lliane
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1 Answer

19 votes
19 votes

Answer:

It's C

Explanation:

y = 7,595.96(1.02)x

the initial beginning value times .02 after adding 1 to it so you would get 1.02 instead since it's an increase raised by x which indicates how many years it was to reach the new value.

User J Sad
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