Kylee manages a small theme park and she has been analyzing the attendance data. Kylee finds that the number of visitors increas
es exponentially as the temperature increases, and this situation is represented by the function f(x) = 4^x. Kylee also finds a linear equation that models the number of people who leave the park early depending on the change in temperature, and it is represented by g(x) = −x + 5. The graph of the two functions is below. Find the solution to the two functions and explain what the solution represents.
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Answer:
The expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Step-by-step explanation:
The formula to compute the future value is:
PV = Present value
r = interest rate
n = number of periods.
It is provided that $5,000 were deposited now and $3,000 deposited after 6 years at 10% compound interest. The amount of time the money is invested for is 14 years.
The expression to compute the amount in the investment account after 14 years is,
The future value is:
Thus, the expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].