ethanpaulwalls
Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Samra's guardians invested money for her into a 529 College Savings Plan, which compounds annually. The growth of the savings plan per year, x, can be represented by the exponential function f(x) = 400(1.02)x. What is the meaning of the y-intercept in the context of the problem?

The initial value of the investment is $400.
The principal amount put into the savings plan is $1.02.
The percent rate of change is 400%.
The average rate of change that is occurring is 1.02.

Sagot :

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.