<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 current debt ratio here is 45.70%. If you add up all the debts you have 3655.65 which is 45.70% of the total of 8000.
The card that accrues the most interest is the second one, "Cred". To find those amounts multiply the rate by the balance and divide by 12.
D should be the correct answer
The domain is all the x values (range is y values). Remember to put the x values in numerical order.
So: Domain = {-5, -5, -2, 3}.
