SAT math Q37 calculator allowed

Published: 17 January 2023
on channel: mathematicsonline
973
55

Jessica opened a bank account that earns 2 percent interest compounded annually. Her initial deposit was $100, and she uses the expression $100(x)^t to find the value of the account after t years.
What is the value of x in the expression?

Use the compound interest formula to answer this SAT question.

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