Question

The expression 10,785(1.0275)x represents the amount of money in an investment account with interest that compounds annually for x years. Interpret the meaning of the expression.

Answer 1

Answer: It shows the formula for "Amount" using the compound interest formula.

Step-by-step explanation:

Since we have given that

The expression :

$10785(1.0275)^x$

So, it can be rewritten as

$10785(1+0.0275)^x\\\\=10785(1+\dfrac{2.75}{100})^x$

Here, initial investment = $ 10785

Rate of interest = 2.75%

Number of years = x

So, it shows the formula for "Amount" using the compound interest formula.