A savings account compounds interest, at a rate of 17%, once a year. John puts $1,000 in the account as the principal. How can John set up a function to track the amount of money he has?A(x) = 1000(17)x where 17 is the interest rateA(x) = 1000(.17)x where .17 is the interest rateA(x) = 1000(1 + .17)x where .17 is the interest rateA(x) = 1000(1 + 17)x where 17 is the interest rate
Question
Answer:
#3 A(x) = 1000(1+.17)x
because the 17 percent would have to be changed to a decimal form
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11 months ago
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