Mathematics, 28.04.2021 19:00 neariah24
Adeline invests $5,250 in an account that is compounded annually and pays an
interest rate of 3.4% each year. Which of the following statements is correct?
A. This situation is an example of exponential decay with a factor of 3.4 and
an initial amount of $178.50.
B. This situation is an example of exponential decay with a factor of 0.034
and an initial amount of $5,250.
C. This situation is an example of exponential growth with a factor of 1.034
and an initial amount of $5,250.
D. This situation is an example of exponential growth with a factor of 1.034
and an initial amount of $178.50.
Answers: 3
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Adeline invests $5,250 in an account that is compounded annually and pays an
interest rate of 3.4%...
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