Computers and Technology

The expression 10,785(1.0275)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 $10,275, and the growth rate of the investment is 1.0785%.
b.
the initial investment is $10,275, and the growth rate of the investment is 7.85%.
c.
the initial investment is $10,785, and the growth rate of the investment is 1.0275%.
d.
the initial investment is $10,785, and the growth rate of the investment is 0.0275%.
e.
the initial investment is $10,785, and the growth rate of the investment is 2.75%.

answer
Answers: 3

Similar questions

Do you know the correct answer?
The expression 10,785(1.0275)x represents the amount of money in an investment account with interest...

Questions in other subjects:

Konu
English, 24.08.2019 12:30
Konu
Mathematics, 24.08.2019 12:30