The selling price of an item is $650 marked up from the wholesale cost of $450. Find the percent markup from wholesale cost to s
2 answers:
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Answer:
<em>t = 1.51</em>
Step-by-step explanation:
<u>Exponential Model</u>
The exponential model is often used to simulate the behavior of a magnitude that either grow or decay in proportion to the existing amount of that magnitude.
The model can be expressed as
In this case, Mo is the initial mass of the radioactive substance and k is a constant which value is positive if the mass is growing or negative if the mass is decaying.
The value of k is not precisely given in the question, we are assuming
The model is now
We are required to compute the time it takes the mass to reach one-half of its initial value:
Simplifying
Taking logarithms
Solving for t
<h3>Answer: Only first two are exponential growth function and last three functions are exponential decay functions.</h3>
Step-by-step explanation: We need to describe exponential growth or decay for the given functions.
The standard exponential function equation is
.
Where a is the initial value and b is the growth factor.
Note: If value of b > 1, it would be an exponential growth and if b < 1, it would be an exponential decay.
Let us check them one by one.
=>
=> .
Value of b is 1.008 > 1, therefor it's an exponential growth function.
y=250(1+0.004)^t, also have b>1 therefor it's an exponential growth function.
All other functions has b values less than 1, therefore only first two are exponential growth function and last three functions are exponential decay functions.