6
RCMultiple Choice

Factoring Polynomials: Double Grouping — Cumulative exam

Question 6 • ****Summer 2026 Common Core Algebra I - MA3109 B-IC MEF22QXV

An account is opened with $7,595.96 with a rate of increase of 2% per year. After 1 year, the bank account contains $7,746.90. Assuming no deposits or withdrawals are made, which equation can be used to find y, the amount of money in the account after x years? (Round money values to the nearest penny.)

Answer
y
y = 7,746.90(1.02)x
y
y = 7,746.90(0.02)x
y
y = 7,595.96(1.02)x
y
y = 7,595.96(0.02)x
Previous
Next