Question

A student used f(x)=5(1.012)^x
to show how the balance in a savings account will increase over time.

Type the correct answer for the startments in each box.

The initial amount of money deposited into the account is
Question Blank 1 of 3
choose your answer...
. The balance is
Question Blank 2 of 3
choose your answer...
at a rate of
Question Blank 3 of 3
choose your answer...
%.

Answer 1

the initial amount of money is incorrect

Answer 2

The initial amount of money deposited into the account is $5,000. The balance is increasing at a rate of 1.2%.

Answer 3

I apologize for the mistake. Let's try again. The initial amount of money deposited into the account is $5. The balance is increasing at a rate of 1.2%.