CARD 4:
Zoe opens a savings account that
earns annual compound interest. If she
doesn't make any deposits or
withdrawals after her initial deposit,
the balance in the account after x
years can be represented by the
equation below.
b(x)=675(1.045)
Duncan says the
balance in the
account increases at
a rate of 45% each
year
Daniella says the
balance in the
account increases at
a rate of 4.5% each
year
Which is set is right