Question
d. A bank account earns interest at a rate of 3.5%
per year and starts with a balance of $350. Which of
the following equations would give the account's
worth, W, as a function of the number of years, y, it
has been gaining interest?
Based on the context what is:
a:
r:
X:
(1) W = 350(1.035)'
(3) W = 1.035y+350
(2) W 350(0.35)
(4) W 1.35y+350
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Transcribed Image Text

d. A bank account earns interest at a rate of 3.5% per year and starts with a balance of $350. Which of the following equations would give the account's worth, W, as a function of the number of years, y, it has been gaining interest? Based on the context what is: a: r: X: (1) W = 350(1.035)' (3) W = 1.035y+350 (2) W 350(0.35) (4) W 1.35y+350

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