Chanelle deposits 7500 into the bank she does not withdraw or deposit money for six years she earns 6% interest during that time
1 answer:
You might be interested in
For this case we have a function of the form:
Where,
A: it is the initial amount
b: is the growth rate
x: is the number of years
Substituting values we have:
We have a growing exponential function because the value of b is greater than 1.
Answer:
See attached image.
Where,
A: it is the initial amount
b: is the growth rate
x: is the number of years
Substituting values we have:
We have a growing exponential function because the value of b is greater than 1.
Answer:
See attached image.