How much would you have to deposit today to have an accumulated amount of $20,000 in 20 years if yearly interest is 4.75% compou
nded continuously?
1 answer:
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The number of tops on the 6th day based on the exponential model is 64, and the number of tops on the 6th day based on the linear model is 17.
<h3>What is an exponential function?</h3>It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent
where a is a constant and a>1
First day class collected = 2 tops
Third day class collected = 8 tops
The exponential function can be modelled:
D(1) = 2 (first day)
D(3) = 8 (third day)
D(6) = 64 (sixth day)
The linear function can be modeled:
D(N) = 3N -1
D(1) = 2 (first day)
D(3) = 8 (third day)
D(6) = 17 (sixth day)
Thus, the number of tops on 6th day based on exponential model is 64, and the number of tops on the 6th day based on the linear model is 17.
Learn more about the exponential function here:
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