The amount of money in a savings account is earning a compound interest that is be represented by the function f(x) = 125(1.1)^x. Which is a true statement about the function?

i got 10.28 but that rounds up to 10.3

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!