A philanthropist pledges to donate 10% of a fund each year. If the fund initially has $450,000 how much will
1 answer:
After 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
<h3>What is an exponential function?</h3>It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent.
where a is a constant and a>1
We have:
A philanthropist pledges to donate 10% of a fund each year.
We can find the amount left after 7 years as follows:
A = 450000(1 - 0.1)⁷
10% of a fund each year.
Rate r = 10% = 0.1
A = 450000(0.9)⁷
A = $2152336.05
Thus, after 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
Learn more about the exponential function here:
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Answer:
The measure of the line segment GE is
Step-by-step explanation:
we know that
<u>The Intersecting Secant-Tangent Theorem</u> , states that the square of the measure of the tangent segment is equal to the product of the measures of the secant segment and its external secant segment
so
In this problem
substitute the values
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Find the measure of the line segment GE