HELP???? I'm offering Brainliest.
1 answer:
You might be interested in
Using the given exponential function, it is found that it will take 1.5 years for the amount of savings to double from the initial amount deposited of $1250.
<h3>Exponential function:</h3>The <em>exponential function</em> that models the savings in the bank account is given by:
- In which t is the time in years that the money has been in the account.
The time to double from the initial amount deposited of $1250 is t for which S(t) = 2(1250) = 2500, hence:
It will take 1.5 years for the amount of savings to double from the initial amount deposited of $1250.
To learn more about exponential functions, you can take a look at brainly.com/question/14855561