Mathematics, 06.04.2020 00:51, smartypants02

The equation B = 1400(1.05)^5 is being used to calculate the amount of money in a savings
account. What does 1.05 represent in this equation?
(1) 0.05% decay
(2) 0.05% growth
(3) 5% decay
(4) 5% growth

Answers: 2

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The equation B = 1400(1.05)^5 is being used to calculate the amount of money in a savings
acco...