Answer:
The exponential function is
.
You will have $1,100.55 in the account after 2 years.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Deposit $1000 in a savings account that pays 4.8% interest compounded monthly.
This means that
. So




This is the exponential function
How much will you have in your account after 2 years?
This is A(2). So

You will have $1,100.55 in the account after 2 years.
Answer:
0.0854
Step-by-step explanation:
= 0.0854
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Answer:
4.000
Step-by-step explanation:
Answer:
c
Step-by-step explanation:
Answer:
C(x) = 0.1x+23000
Step-by-step explanation:
Given that a company sells doughnuts. They incur a fixed cost of $23000 for rent, insurance, and other expenses. It costs $0.1 to produce each doughnut. The company sells each doughnut for $0.2.
Let X be the no of units produced
Then we have variable cost = 0.1x
Fixed cost = 23000 (irrespective of value of x)
Total cost

where C represents the total cost and x no of units produced.
Revenue function would be
assuming all doughnuts are sold.
Profit function would be
