The initial balance of a mutual fund is $1200. the fund is expected to grow in value at an annual rate of 2%. let x represent the number of years since the fund was started. let y represent the value of the fund x years later. what equation models the value of the mutual fund x years after it was started?

Step-by-step explanation:

Given: The initial balance of a mutual fund = $1200

The annual rate of growth = 2%

Let x represent the number of years since the fund was started.

Let y represent the value of the fund x years later.

Then the growth in fund each year=2% of x

⇒ The growth in fund each year=

Thus  the value of fund x years later (y)=

Hence, the equation models the value of the mutual fund x years after it was started is

true !

step-by-step explanation:

your answer   is c

step-by-step explanation: