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QUESTION 32 Suppose the amount of money in a bank account with an initial balance of $4,000 earns 1.3 percent interest per year. If the exponential function, y=A*B^x , is used to model this situation, which value would represent B in the function?
A 4,000
B 1.13
C 1.013
D 1.3

Respuesta :

we know that initial balance is [tex] $4000 [/tex] which is A.

and [tex] B [/tex] is the rate of interest.

where [tex] x [/tex] is the time period.

as we know that exponential relation, initial balance increase exponential with respect to time x.

[tex] y=4000*1.3^x [/tex]

in place of B we have 1.3

so option D is the answer

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