Question

The function below represents the annual interest Charlotte earns on a savings account. Identify the term that represents the interest rate.

f(x) = 1,000(1 + 0.04)x

a:1000
b:1
c:0.04
d:x

Answer 1

Answer: 0.04

Explanation:

Answer 2

Answer: C.

Explanation:

0.04 is the interest rate because it is equivalent of 4%.