2 to 6 = 4 to? ??????????
2 answers:
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Answer:
A. 1.4 times
Step-by-step explanation:
The factor in this exponential function is 1.4.
Please see the attachment.
The calculations for 2, 4, 8 year can be derived as follows,
For simple interest:
S.I =
P= principle
T= Time
R= Rate
For 2 year;
S.I = = $224
Amount = $2224
For 4 year;
S.I = = $448
Amount = $2448
For 8 year;
S.I = = $896
Amount = $2896