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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

The function f(x) = 1,250(1 + )4t models the balance in a savings account. Which statement accurately describes the account?

A. The account had an initial balance of $1,250 and compounds monthly at an interest rate of 0.1%.

B. The account had an initial balance of $1,250 and compounds quarterly at an interest rate of 12%.

C. The account had an initial balance of $1,250 and compounds monthly at an interest rate of 4%.

D. The account had an initial balance of $1,250 and compounds quarterly at an interest rate of 1.2%.

PLEASE HELP ASAP CORRECT ANSWER ONLY PLEASE The Function Fx 12501 4t Models The Balance In A Savings Account Which Statement Accurately Describes The Account A class=

Sagot :

bowmaian000

Answer:

D

Explanation:

So lets go over our information.

We know that the initial balance is 1,250

We know that the compund rate is the stuff inside the parethese is 0.012/4(we will pick that apart later)

We know that t is the amount of periods.

We know that the 4 means quarterly compounding.

So right of the bat, we can tell that it can only be B or D.

Next, we can use the information in the parethese to find the answer between the two.

So, looking at the 0.012, we can tell that if we shift it into percentage form(multiply by 100) we can find that its 1.2%.

This number inside the parethese, which is now 1.2%, is our interest rate.

So the answer must be D.

Hope this helps!

Answer:

correct

Explanation:

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