15
QuizMultiple Choice

Unit Test — Unit test

Question 15 • Mathematics for College Liberal Arts Sem 1 (1207350) BCPS 2025-26

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
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