Question

Martin has a savings account. The value of his savings account can be modeled by the equation M(x) = 450(1.0075), where t is the time in
years. Which statement is true?

Answer 1

Answer:

M(x)=450(1.0075)=  453.375

$\frac{Final \ value \ - \ starting \ value}{starting \ value}*100$

$\frac{453.375-450}{450} *100=\frac{3.375}{450} *100=0.0075*100=0.75$

Step-by-step explanation:

C. The value of the account increases 0.75% each year