Question
A bank account’s balance after x years can be modeled by f(x) = 350(1.035)x.
What statement is the best interpretation of one of the values in the function?
Responses
A The initial balance of the account decreases at a rate of 96.5% each year.The initial balance of the account decreases at a rate of 96.5% each year.
B The initial balance in the account was $1,035.The initial balance in the account was $1,035.
C The balance in the account increases at a rate of 3.5% each year.The balance in the account increases at a rate of 3.5% each year.
D The balance in the account after one year is $350.
What statement is the best interpretation of one of the values in the function?
Responses
A The initial balance of the account decreases at a rate of 96.5% each year.The initial balance of the account decreases at a rate of 96.5% each year.
B The initial balance in the account was $1,035.The initial balance in the account was $1,035.
C The balance in the account increases at a rate of 3.5% each year.The balance in the account increases at a rate of 3.5% each year.
D The balance in the account after one year is $350.
Answers
GPT-4o mini
The best interpretation of one of the values in the function \( f(x) = 350(1.035)^x \) is:
**C** The balance in the account increases at a rate of 3.5% each year.
This is because the term \( 1.035 \) indicates that the balance grows by 3.5% each year. The initial balance of $350 is represented by the coefficient in front of the expression, and that fact is not reflected in the other options.
**C** The balance in the account increases at a rate of 3.5% each year.
This is because the term \( 1.035 \) indicates that the balance grows by 3.5% each year. The initial balance of $350 is represented by the coefficient in front of the expression, and that fact is not reflected in the other options.