Let V(t) represent the values of a bank account, in thousands dollars, t years after the account is opened at the bank. Determine whether each statement below is true

Complete question is;

Let V(t) represent the value of a bank account, in thousands of dollars, t years after the account is opened at the bank. Determine whether each statement below is true. Select True or False for each statement.

V(0) = 2 means that the value of the bank account when it is opened is $2000

V(5) = 2.2 means that 2.2 years after the bank account is opened, its value is $5000

V(10) – V(5) = 0.4 means that the bank account grows by $400 between 5 and 10 years after its opening

Statement 1: True

Statement 2: False

Statement 3: False

Step-by-step explanation:

We are told that the function V(t) represents the value of a bank account, in thousands of dollars, t years after the account is opened at the bank.

This means that if V(10) = 50, it means that the bank account is valued after 10 years is $50,000

From this little explanation, it's clear that only statement 1 is correct.

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