(22-23)
-Jeva
7
#7 of 9 -
Ms. Smith opened a bank account to save money. The balance of the account is modeled by the function
f(x) = 4,000 (1.06)*, where x is the number of years since the account is opened. According to the function,
what is happening to the balance of the account each year?
A The balance of the account increases by 1.06% each year.
B The balance of the account decreases by 6% each year.
C The balance of the account decreases by 1.06% each year.
D The balance of the account increases by 6% each year.
<6)