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Mathematics, 30.05.2021 01:30 pevin6714
The balance in a savings account is modeled by the exponential function f(x) = 5000(1.02) where x is the number of years since the initial deposit.
Interpret the constants a = 5000 and b = 1.02. (1 point)
A: The balance grows by b - 1 = 0.02 = 2% each year until it reaches a, $5,000.
B: The initial balance, a, is $5,000 and grows by b = 1.02% each year.
C: The balance grows by b = 1.02% each year until it reaches a, $5,000
D: The initial balance, a, is $5,000 and grows by b - 1 = 0.02 = 2% each year.
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