<h3>
Answer: p = 0.12*(1.02)^t</h3>
Explanation:
The general exponential growth equation is
p = A*B^t
where t is the number of years that have gone by after 2008, A is the starting amount, B is the growth multiplier, and p is the price t years after 2008
We know that A = 0.12 is the starting price
The value of B is B = 1.02 which is in the form 1+r since 1.02 = 1 + 0.02 = 1+r
The r value is r = 0.02 and it is positive to represent growth. Keep in mind that 2% = 2/100 = 0.02
So we go from
p = A*B^t
to
p = 0.12*(1.02)^t
The correct answer is x=17
25.83 x 6 = 154.98
If the purchased television is 245.95 and you make 6 payments that total in
154.98 dollars, the down payment will be what is left.
40.25% = 0.4025
245.95 x 0.4025 = 98.99
98.99 dollars off the original price.
245.95 - 98.99 = 146.96
The down payment made the total come to 146.96.
146.96 + 154.98 = 301.94
The total amount paid is 301.94 including charge and down payment.
