Answer:
Option d. the initial amount of money placed in the savings account
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value
r is the growth rate
(1+r) is the base
x is the number of years
f(x) is the amount of money in a savings account
In this problem we have
a=$3,005
r=0.03=3%
(1+r)=1.03
therefore
3,005 represent the initial value ( the amount of money for the value of x equal to zero)
Answer and Step-by-step explanation:
You got everything correct so far except for #4.
4. Yes, it is 1. But it would be in months.
So you would put:
1 month = x
12 months = 1 year.
Since the population increases by 1.5 times a <em>month.</em>
For question number 3.
The equation should be:
<- Function
<- Function when x is 12 months (1 year)
(Put those both the same way I put it.)
It gives you the equation to work with, you just have to plug in the values.
1.5 is in the parenthesis because it needs to be the one that is raised by an exponent.
100 is the initial population, so it stays on the outside.
x is the exponent
