9.015 that is the decimal form, 1803/200 is fraction form.
Answer:
The approximate growth rate of the savings account is 2.5%
Step-by-step explanation:
Given the the function S(x) = 5, 000 * (1.025) ^ (0.7x)
From the function, we can see that part: (1.025). It presents for the growth factor or rate with the formula as:
(1 + r) where r is rate
So we have:
(1 + r) = 1.025
<=> r = 1.025 -1
<=> r = 0.025
In pecentage, we have the rare: 0.025 *100% = 2.5%
So the approximate growth rate of the savings account is 2.5%
I think it would be -9.64
The exponent on the P will be 5
