wolfiddreams2 wolfiddreams2

22-05-2021
Mathematics

contestada

George invests $2000 in an account with an interest rate of 5%. Which best represents this?
Y=2000(1.05)^x
Y=2000(.05)^x
Y=2000+ 0.5^x
Y=2000(.95)^x

Respuesta :

dtews07 dtews07

22-05-2021

Answer:

Y=2000(1.05)^x

Step-by-step explanation:

This is because 2000 is the fixed beginning value and should stay by itself.

While the interest rate of 5% is 1.05 because the amount of money George will have will be going up based on the fixed beginning value.

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