Zoe opens a savings account that
earns annual compound interest. If she
doesn't make any deposits or
withdrawals after her initial deposit,
the balance in the account after x
years can be represented by the
equation below.
CManeuvering the Middle, 2020
Duncan
b(x)=675(1.045)*
Daniella
Justify your answer below. *
Duncan says the
balance in the
account increases at
a rate of 45% each
year.
Daniella says the
balance in the
account increases at
a rate of 4.5% each
year.
1 point