In the equation \( f(x) = 10(1.018)^x \), the \( 10 \) represents the initial balance of the bank account. Therefore, the correct response is:
B. The initial balance of the bank account.
Matt used the equation f(x) = 10(1.018)x to show the amount in a bank account.
What does the 10 represent?
Responses
A The amount of interest earned in one year.The amount of interest earned in one year.
B The initial balance of the bank account.The initial balance of the bank account.
C The interest rate in one year.The interest rate in one year.
D The number of years the account is opened.
1 answer