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Math·Algebra·Linear equations in one variable
hardThe function f(x)=217(1.030)x models the value, in dollars, of a certain bank account from 1957 through 1972, where x is the number of years after the end of 1957. Which of the following is the best interpretation of “f(5) is approximately equal to 252” in this context?
A
Five years after the end of 1957, the value of the account is approximately $252.
B
The value of the account at the end of 1957 is approximately $252.
C
The account increases by $252 every five years.
D
Five years after the end of 1957, the account has earned approximately $252 in interest.