If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?
1 answer:
You might be interested in
The exponential function is
An exponential function is represented as:
y = b^x
Where b represents the base.
The base is given as:
b = 12
So, we have:
y = (12)^x
It is vertically compressed by a factor of 1/8.
So, we have:
y = 18(12)^x
When reflected across the y-axis, we have:
The horizontal asymptote is y = 2.
So, we have:
It passes through the point (-3, 4).
So, we shift the function to the right by 4 units
Express as a function
Hence, the exponential function is
Read more about exponential functions at:
#SPJ1
