Trey invests $6,000 in a savings bond that grows in value at 3% per year. What is a function that models the balance b , in dollars, of the bond after x years?
b(x)=6,000(1.3)x
b(x)=6,000(1.03)x
b(x)=6,000(0.97)x
b(x)=6,000(0.03)x
The correct function that models the balance b, in dollars, of the bond after x years is:
b(x) = 6,000(1.03)^x
is correct?
Yes, you are correct. The correct function that models the balance b, in dollars, of the bond after x years is:
b(x) = 6,000(1.03)^x
The correct function that models the balance, b, of the bond after x years is:
b(x)= 6,000(1.03)^x
The correct function that models the balance b, in dollars, of the bond after x years is:
b(x) = 6,000(1.03)^x
The function represents the initial investment of $6,000 multiplied by the growth factor of 1.03 raised to the power of x, which represents the number of years.