Question

compound interest graph
the graph shows a compound interest account.
what is the initial amount in the account?
$50
$0
$10
$590.60

Explanation:

Step1: Understand the concept of initial amount

The initial amount in a compound - interest account is the amount when \(x = 0\) (where \(x\) represents time in years).

Step2: Locate the point on the graph

Looking at the graph, when \(x = 0\), the corresponding \(y\) - value (amount of money) is given by the point \((0,50)\).

Answer:

\(\$50\)