The function below represents the annual interest Alexander earns on a savings account. Identify the term that represents the amount of time that the money is accruing interest. f(x) = 500(1 + 0.02)x 500 1 0.02 x

Answer:Option 4 The term that represents the amount of time that the money is accruing interest is 'x'.Step-by-step explanation:Given : The function below represents the annual interest Alexander earns on a savings account.[tex]f(x)=500(1+0.02)^x[/tex]To find : Identify the term that represents the amount of time that the money is accruing interest ?Solution : The general annual interest formula is [tex]A=P(1+r)^t[/tex]Where, A is the amountP is the principalr is the interest ratet is the timeThe annual interest Alexander earns on a savings account is [tex]f(x)=500(1+0.02)^x[/tex]Comparing with general formula,t=xThe term that represents the amount of time that the money is accruing interest is 'x'.Therefore, Option 4 is correct.