Which statements are true about exponential decay functions? Check all that apply. The domain is all real numbers. As the input
2 answers:
<h2>Answer:</h2>
The correct options are:
- The domain is all real numbers.
- The base must be less than 1 and greater than 0.
- The function has a constant multiplicative rate of change.
We know that the exponential function is given by:
where a>0 and b are constants.
Also, it represents a growth function if b>1
and a decay function if 0<b<1
where b is the base.
- x belongs to whole of the real numbers( since the exponential function is well defined for all the real values of x.
Hence, the domain of the function is all the real numbers )
- Also, the graph of a decay function decreases continuously i.e. with the increasing input value the output value decreases.
- The exponential decay function always have a constant multiplicative rate of change i.e. b.
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The sum of the balances of these accounts at the end of 5 years is given by: Option B: $53,901.59 (approx)
<h3>How to calculate compound interest's amount?</h3>If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
If the initial amount (also called as principal amount) is P, and the interest rate is R% annually, and it is left for T years for that simple interest, then the interest amount earned is given by:
For the considered case, we're given that:
- Initial amount in both accounts deposited = $24,000 = P
- Type of interest: Compound interest in first account and simple interest in second account
- Unit of time: Annually
- Rate of interest = 2.4% annually = R
- Total unit of time for which amount is to be calculated: 5 years = T
In first account, the final amount at the end of 5 years is evaluated as:
In second account, the final amount at the end of 5 years is evaluated as:
Total amount after 5 years in these accounts = (in dollars)
Thus, the sum of the balances of these accounts at the end of 5 years is given by: Option B: $53,901.59 (approx)
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