What is the quarterly growth rate for the function f(t) = 1000 (1.03) ? PLEASE HELP QUICK
1 answer:
Answer:
Step-by-step explanation:
So I'm assuming you meant to type f(t) = 1000(1.03)^t
and assuming t is in years, we let t = 0.25, therefore 1000(1.03)^0.25
= 1.00741707178, then subtracting 1000 (assuming that is the original money), we get approx = 0.007 of whatever currency
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