A student used

to show how the balance in a savings account will increase over time.

Type the correct answer for the startments in each box.

The initial amount of money deposited into the account is
Question Blank 1 of 3
choose your answer...
. The balance is
Question Blank 2 of 3
choose your answer...
at a rate of
Question Blank 3 of 3
choose your answer...
%.

The initial amount of money deposited into the account is $1000. The balance is compounded annually at a rate of 5%.