Question

2. The function y(t) = 18,250(1.075) represents the value of an account,
V(t), after t years. Which statement is correct?

Answer 1

Answer:

The Account value increases by 7.5% each year.

Step-by-step explanation:

18,250(1.075)

We know that we start with 18250, and we are increasing due to the "1" infront of the closed parentheses,

The .075 is in the hundredth and thousandth place value, which would make it 7.5%, then we mix it all up together to get,

The Account value increases by 7.5% each year.