Answer:
[tex]\$300[/tex]
Step-by-step explanation:
In this problem we have a exponential function of the form
[tex]f(x)=a(b)^{x}[/tex]
where
a is the initial value ( value of the function when the value of x is equal to zero)
b is the base
r is the rate
b=1+r
we have
[tex]f(x)=300(1+0.03)^{x}[/tex]
therefore
The term that represents the amount of money originally deposited in the account is the initial value
For x=0
substitute
[tex]f(0)=300(1+0.03)^{0}[/tex]
[tex]f(0)=\$300[/tex]
Answer:
The correct option is 1.
Step-by-step explanation:
The function is
[tex]f(x)=300(1+0.03)^x[/tex]
We need to find the term that represents the amount of money originally deposited in the account. It means we need to find the initial amount.
Substitute x=0 in the given function, to find the initial value of the function.
[tex]f(0)=300(1+0.03)^(0)[/tex]
[tex]f(0)=300(1)[/tex]
[tex]f(0)=300[/tex]
The term 300 represents the amount of money originally deposited in the account. Therefore the correct option is 1.
