The amount of money in account A is decreasing by 8% per year.
The account that recorded a greater percentage change in amount of money over the previous year is account B.
From the information, the amount f(x), in dollars, in account A after x years is represented by the function below:
f(x) = 9,628(0.92)x
Therefore, this shows a decrease and the percentage will be:
= 1 - 0.92
= 0.08
= 8%
The account that recorded a greater percentage change will be:
Account B = (8,972 - 8,074.80) / 8,972 × 100
= 10%
Therefore, B has a higher percentage.
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