Question

Which of the following scenarios could be represented by the function f(x) = 500(1.04)^x? Select all that applyA. The total amount of money after x years in an account with an initial $500 investment and a 4% annual interest rateB. The number of rabbits bred each year at a growth rate of 104%, if you started with 500 rabbitC. The total population of a town growing at a rate of 4% each year if the town began with 500 inhabitantsD. The amount paid in sales tax on a $500 stereo in a state with 4% sales tax

Answer 1

A) The function applies to it because is composed interest.

B) The function also applies to this scenario because is analogous to the A question

C) The function is population growth and is analogous to the previous 2 questions

D) The function dosen't apply to this because is something static not depending on the time, then is not composed interest.