Mathematics, 28.11.2019 02:31, derbraz4588

The function f(x) = 2,500(1 + )365t models the balance in a savings account. which statement accurately describes the account?

a.

the account had an initial balance of $2,500 and compounds monthly at an annual interest rate of 2.1%.

b.

the account had an initial balance of $2,500 and compounds yearly at an annual interest rate of 2.1%.

c.

the account had an initial balance of $2,500 and compounds daily at an annual interest rate of 0.21%.

d.

the account had an initial balance of $2,500 and compounds daily at an annual interest rate of 2.1%.

Answers: 3

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The function f(x) = 2,500(1 + )365t models the balance in a savings account. which statement accurat...