Question

PLEASE: Find The Ending Balence

Answer 1

That’s the answer I believe

Answer 2

Using exponential functions, the ending balances are given as follows:

1. $1,490.07.

2. $1,073.83.

3. $358.04.

What is an exponential function?

An increasing exponential function is modeled by:

$A(t) = A(0)(1 + r)^t$

In which:

• A(0) is the initial value.

• r is the growth rate, as a decimal.

Item a:

The parameters are:

A(0) = 939, r = 0.08, t = 6.

Hence the balance is:

$A(6) = 939(1.08)^6 = 1490.07$

Item b:

The parameters are:

A(0) = 823, r = 0.03, t = 9.

Hence the balance is:

$A(9) = 823(1.03)^9 = 1073.83$

Item c:

The parameters are:

A(0) = 269, r = 0.1, t = 3.

Hence the balance is:

$A(9) = 269(1.1)^3 = 358.04$

More can be learned about exponential functions at brainly.com/question/25537936

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