Mathematics, 17.05.2021 17:50 ichabella2010

Savings account compounds interest, at a rate of 17%, once a year, John puts $1,000 in the account as the principal. How can John set up a function to track the amount of money he has?
OA(x) = 1000(17) where 17 is the interest rate
A(x) = 1000(17) where 17 is the interest rate
A(x) = 1000(1 + .17) where 17 is the interest rate
OA(x) = 1000(1 + 17) where 17 is the interest rate

Savings account compounds interest, at a rate of 17%, once a year, John puts $1,000 in the account

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Savings account compounds interest, at a rate of 17%, once a year, John puts $1,000 in the account a...