The formula is P=Poe^rt and after 20 years the amount will be $14134.41
For Lyla, the formula used to solve the problem is P=Poe^rt
The function is P=3000 e^0.775t
After 20 years lyla amount will be P=3000e^0.775×20=14134.41$
- The exponential function is a type of mathematical function which are helpful in finding the growth or decay of population, money, price, etc that are growing or decay exponentially.
- Exponents are used in exponential functions, as the name indicates. But take note that an exponential function does not have a constant as its base and a variable as its exponent (if a function has a variable as the base and a constant as the exponent then it is a power function but not an exponential function).
- As the name implies, exponential functions employ exponents. The base and exponent of an exponential function, however, are not a constant and a variable, respectively (if a function has a variable as the base and a constant).
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Answer:0.09 < 0.6 < 0.7 < 0.8 < 0.99 < 1
Step-by-step explanation:
