Mathematics, 04.03.2021 18:00, soliseric879

$1,000 is deposited into a savings account. Interest is compounded annually. After 1 year, the value of the account is $1,020. After 2 years, the value of the account is $1,040.40. This scenario can be represented by an exponential function of the form
f(x) = 1000(6)", where f (x)is the amount in the savings account, and IL is time in years. What is the value of be.

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$1,000 is deposited into a savings account. Interest is compounded annually. After 1 year, the value...