Question

The average profit a local store owner

Answer 1

The exponential function is f(t) = 200 * (0.9020)^t

How to determine the function?

The given parameters are:

• Initial value, a = 200
• Rate, r = 29% per year

The function is an exponential function.

An exponential function is represented as:

f(t) = ab^t

So, we have:

f(t) = 200 * (29%)^t

Express as decimal

f(t) = 200 * (0.29)^t

Convert time to months

f(t) = 200 * (0.29^(1/12))^t

Evaluate

f(t) = 200 * (0.9020)^t

Hence, the exponential function is f(t) = 200 * (0.9020)^t

Read more about exponential function at:

brainly.com/question/11464095

#SPJ1