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Answer: This is what I could figure out
Step-by-step explanation:
Answer:
The exponential function is .
You will have $1,100.55 in the account after 2 years.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Deposit $1000 in a savings account that pays 4.8% interest compounded monthly.
This means that . So
This is the exponential function
How much will you have in your account after 2 years?
This is A(2). So
You will have $1,100.55 in the account after 2 years.
Option D: ; all real numbers.
Explanation:
Given that the functions are and
We need to determine the value of and its domain.
<u>The value of </u><u>:</u>
The value of can be determined by multiplying the two functions.
Thus, we have,
Thus, the value of is
<u>Domain:</u>
We need to determine the domain of the function
The domain of the function is the set of all independent x - values for which the function is real and well defined.
Thus, the function has no undefined constraints, the function is well defined for all real numbers.
Hence, Option D is the correct answer.