Basic Mathematics  Old Questions
1. (a) In 2000; 100 is invested in a savings account, where it grows by accruing interest that is compounded annually (once a year) at an interest rate of 5:5%. Assuming no additional funds are deposited to the account and no money is withdrawn, give a formula for a function describing the amount A in the account after x years have elapsed. [5]
5 marks

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