0.015
The function f) = 500(1 + 4
models the balance in a savings account.
The savings account had an initial balance of _ and compounds
an interest rate of _

The initial balance of the account is $1250. The interest rate per year is 1.2% and the account is compounded 4 times yearly (quarterly)

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The function [tex]f(x)=1250(1+\frac{0.012}{4} )^{4t[/tex] models the balance in a savings account. Hence:

The initial balance of the account is $1250. The interest rate per year is 1.2% and the account is compounded 4 times yearly (quarterly)

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0.015 The function f) = 500(1 + 4 models the balance in a savings account. The savings account had an initial balance of _____ and compounds ____ an interest rate of _____

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What is an equation?

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0.015
The function f) = 500(1 + 4
models the balance in a savings account.
The savings account had an initial balance of _ and compounds
an interest rate of _