Question

Need ASAP Now!! please help with answer!

Answer 1

Answer:

$y = 1500 * 1.09^t$

Step-by-step explanation:

$\text{It should be clear that the rate of change is non-linear}$$\text{, meaning that we can express the function in the following manner}$

$\text{y = a * b^t, where a is the initial value and b is the rate of change and t is how}$$y = a * b^t,$ $\text{where a is the initial value and b is the rate of change and t is how many years.}$

$\text{Well, year 0 is the rate of change so we can say that a = 1500}$

$\text{Next, we divide any two consecutive year balances to find our rate of change:}$

$1635/1500 = 1.09$

$\text{Therefore, our equation looks like this:}$

$y = 1500 * 1.09^t$

Answer 2

Answer:

y = 1.09^t * 1500

Step-by-step explanation:

After each year, the balance(y) is multiplied by 1635/1500 or 1.09.

From this information, we know that y = 1.09^t * 1500