Sam opened a savings account with an initial deposit of $2,000. Since then, he has never made any other deposits or withdrawals. His savings account earns 0.4% interest monthly and an annual bonus of 1.5% interest. Which equation gives the approximate amount, A (x), he has in his savings account as a function of x, the number of years since his initial deposit?
A (x) ≈ 2,000 + (1.059) x3
A (x) ≈ 2,000 (1.019) x2
A (x) ≈ 2,000 (1.065) x
A (x) ≈ 2,000 (1.059) x2
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