A principal amount of $4,700 is deposited into an account paying interest at a rate of 3%, continuously compounded. What will be
1 answer:
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Hi there! The answer is A.
To get a proper idea of the type of function this formula represents we work out the parenthesis.
Working out the parenthesis can for instance be done using rainbow technique.
We can now see sinilarities between this function an the general function of a line in slope intercept form
The function t therefore describes a line with slope 2 and y-intercept 4. Therefore the answer is A.
To get a proper idea of the type of function this formula represents we work out the parenthesis.
Working out the parenthesis can for instance be done using rainbow technique.
We can now see sinilarities between this function an the general function of a line in slope intercept form
The function t therefore describes a line with slope 2 and y-intercept 4. Therefore the answer is A.