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Mathematics, 24.03.2021 07:00 quan5379

Ethan has $50 in a savings account. The interest rate is 5%, compounded annually. Which equation BEST models this situation to solve for savings (y) in x years?

HINT : This is a Exponential Growth and Decay problem.
A y = 50(1.5)
B y =50(1.05)
C y = 0.5(50)
D y = 50(x)^5

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