Question
A bank account earning annual interest was opened, and no additional deposits or withdrawals were made after the initial deposit. The balance in the account after x years can be modeled by `b\left(x\right)=850\left(1.025\right)^{x}`
Which statement is the best interpretation of one of the values in the function?
Which statement is the best interpretation of one of the values in the function?
Answers
GPT 3.5
One of the values in the function, 1.025, represents the interest rate.