Mathematics, 01.04.2020 03:27 dvandebrake2002
The expression 10,600(1.0385)x represents the amount of money in an investment account with interest that compounds annually for x years. Interpret the meaning of the expression.
A
The initial investment is $10,385, and the growth rate of the investment is 1.06%.
B
The initial investment is $10,385, and the growth rate of the investment is 6%.
C
The initial investment is $10,600, and the growth rate of the investment is 1.0385%.
D
The initial investment is $10,600, and the growth rate of the investment is 3.85%.
Answers: 1
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The expression 10,600(1.0385)x represents the amount of money in an investment account with interest...
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