Question the-fu

2.1 Nonlinear Functions - Exponential growth and decay functions
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The function f(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 x is the number of years after 1957 . Which of the following is the best interpretation of “f(5) is approximately equal to 243 ” in this context?

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 .