1 Answer

Soham Bhattacharyya · Answer 1 · 2023-05-08T22:13:05+0000

Answer: Choice B

The initial amount in the account.

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Reason:

x is the number of years

x = 0 is the starting point. Let's plug that in to find...

$y = 982(1.07)^x\\\\y = 982(1.07)^0\\\\y = 982(1)\\\\y = 982\\\\$

At the start, Sammy has $982 in the bank.

Side note: The 1.07 means the account is growing by 7% each year.

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