Respuesta :
Year 1: 500 + 0.25*500 = 500 [1 + 0.25]
Year 2: 500*[ 1 + 0.25] * [1 + 0.25] = 500 [1 + 0.25]^2
Year x: 500 [1 + 0.25]^x
Option d: A(x) = 500[1 + .25]^x, where .25 is the interest rate
Year 2: 500*[ 1 + 0.25] * [1 + 0.25] = 500 [1 + 0.25]^2
Year x: 500 [1 + 0.25]^x
Option d: A(x) = 500[1 + .25]^x, where .25 is the interest rate
Answer:
D. A(x) = 500 (1+.25)x where .25 is the interest rate
Step-by-step explanation:
I just passed the test.