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2 answers:
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Answer:
Option d. the initial amount of money placed in the savings account
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value
r is the growth rate
(1+r) is the base
x is the number of years
f(x) is the amount of money in a savings account
In this problem we have
a=$3,005
r=0.03=3%
(1+r)=1.03
therefore
3,005 represent the initial value ( the amount of money for the value of x equal to zero)
Answer:
C.
Step-by-step explanation:
Let x be the total monthly sales.
We have been given that a salesperson earns a salary of $700 per month plus 2% of the sales. The salesperson want to have a monthly income of at least $1800.
This means that 700 plus 2% of total monthly sales should be greater than or equal to 1800. We can represent this information in an equation as:
Let us solve our inequality to find the monthly sales (x).
Subtract 700 from both sides of our inequality.
Divide both sides of inequality by 0.02.
Therefore, the total monthly sales must be greater than or equal to 55,000 and option C is the correct choice.