QuestionInterpret the expression $10,785(1.0275)^{x}$: What are the initial investment and growth rate? Choose A, B, C, D, or E.

Studdy Solution
Calculate the growth rate.
$$Growth\,rate = (1.027 -1) \times100\% =2.75\%$$The initial investment is $\$10,785$ and the growth rate of the investment is $2.75\%$. Therefore, the correct answer is. The initial investment is $\$10,785$ and the growth rate of the investment is $2.75\%$.