BracefaceMxrii22 BracefaceMxrii22

02-11-2020
Mathematics

contestada

Martin has a savings account. The value of his savings account can be modeled by the equation M(x) = 450(1.0075), where t is the time in
years. Which statement is true?

Respuesta :

breannabaenadelabra breannabaenadelabra

02-11-2020

Answer:

M(x)=450(1.0075)= 453.375

[tex]\frac{Final \ value \ - \ starting \ value}{starting \ value}*100[/tex]

[tex]\frac{453.375-450}{450} *100=\frac{3.375}{450} *100=0.0075*100=0.75[/tex]

Step-by-step explanation:

C. The value of the account increases 0.75% each year

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