The inverse of the function f(x)= x+3 would be x-3.
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = -1
put here all value
rate of interest = -1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
For this case we have an equation of the form:
y = A * (b) ^ t
Where,
A: initial amount
b: decrease factor
t: time
Substituting values:
y = 30 * (b) ^ t
To calculate t we use a point in the table.
We have:
(t, y) = (1, 28.5)
Substituting:
28.5 = 30 * (b) ^ 1
b = 28.5 / 30
b = 0.95
Answer:
a. Decay factor is 0.95
Answer:
c. 38
Step-by-step explanation: