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------------------------------------------------ Suppose that 0.5% is an annual interest rate. In the formula [tex]y = a \cdot b^x[/tex], what value would you use for [tex]b[/tex]?

A. 1.005
B. 100.5
C. 0.005

Answer :

Answer:

A.

1.005

Step-by-step explanation:

Answer:


b=1.005


Step-by-step explanation:


b=(1+0.5%)


=1+0.005


=1.005

...............................................................................................................................................

Answer:


b=1.005


Step-by-step explanation:


b=(1+0.5%)


=1+0.005


=1.005

Answer:

1.005

Step-by-step explanation:

The variable b is the growthfactor, which is 100% plusthe interest rate, expressedas a decimal.b ===100%+0.5%1+0.0051 .005The variable b is the growth factor, which is 100 percent plus the interest rate, expressed as a decimal. B equals 100 percent plus 0.5 percent. Equals 1 plus 0.005. Equals 1.005.

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