Question

Miguel invested $400 in a bank account that pays interest. the account’s value over time, in x years, is given in the table. a 2-column table with 6 rows. the first column is labeled time (years) with entries 0, 1, 2, 3, 4, 5. the second column is labeled account value (dollar sign) with entries 400, 436, 468, 502, 550, 589. which exponential function models the data? round the numerical values to the nearest hundredth. f(x) = 1.41(30.69)x f(x) = 37.74(396.48)x f(x) = 390.60(1.41)x f(x) = 401.19(1.08)x

Answer 1

The exponential function models the data for the amount earned by Miguel when he invests his money is f(x) = $400 x (1.08)^y

What is the exponential function?

Exponential functions are in the form: a$b^{x}$

Where:

• a = initial value
• b = rate of increase
• x = number of years

FV = $400 x (1.08)^y

To learn more about exponential functions, please check: brainly.com/question/26331578

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