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11 May, 19:34

Kevin makes an initial deposit into a saving account with an unnual interest rate. the amount of money in kevin's saving account, f (x), in dollars, can be modeled by the equation of function f (x) = 250 (1 0.02) ^x. what does 0.02 represent in this situation?

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  1. 11 May, 19:49
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    It represents the annual interest rate.
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