Mashaal Masha
Mashaal Masha
 Feb 24, 2024
0
The function $\bm{f}(\bm{x})=206(1.034)^{x}$ models the value, in dollars, of a certain bank account by the end of each year from 1957 through 1972, where $\bm{x}$ is the number of years after 1957. Which of the following is the best interpretation of " $\bm{f}(5)$ is approximately equal to 243" in this context?
Difficulty: Medium
A: 

The value of the bank account is estimated to be approximately 5 dollars greater in 1962 than in 1957.

B: 

The value of the bank account is estimated to be approximately 243 dollars in 1962.

C: 

The value, in dollars, of the bank account is estimated to be approximately 5 times greater in 1962 than in 1957.

D: 

The value of the bank account is estimated to increase by approximately 243 dollars every 5 years between 1957 and 1972.

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