Question
Avión has a savings account. The total amount of money, in dollars, in the account in relation to the time, in years, since Avión made her first deposit can be described by the equation:
A = 2,000 (1 + 0.06)
Match each part of the equation to the term that BEST describes what it represents
Initial deposit:
Growth factor:
Time:
Interest rate:
0.06
(1 + 0.06)
A
t
2,000
A = 2,000 (1 + 0.06)
Match each part of the equation to the term that BEST describes what it represents
Initial deposit:
Growth factor:
Time:
Interest rate:
0.06
(1 + 0.06)
A
t
2,000
Answers
GPT 3.5
Initial deposit: 2,000
Growth factor: (1 + 0.06)
Time: t
Interest rate: 0.06
Growth factor: (1 + 0.06)
Time: t
Interest rate: 0.06