By using the formula:
<span>FV = PV*(1+r/n)^(n*t)
</span><span>FV = 3000
PV = 100
r = 0.02
n = 12
t = ?</span>
Substituting the values of the variables, I got <span>a. 170.202 years. Hope that really helps. </span>
Slope= 2/3
Explanation- adding 6y on both sides and subtracting 12 on both sides of eq, 12 + 6y -12=4x+6y-6y-12
6y = 4x-12
Divide by 6 on both sides of eq, we get y=4/6 x -12/6
y=2/3 x-2
The function that represent this exponential decay is given as y = A(0.85)ˣ
<h3>What is an
exponential function?</h3>
An exponential function is in the form:
y = abˣ
Where a is the initial value and b is the multiplication factor.
Given that A is the initial value, there is a decay of 15%, hence:
b = 100% - 15% = 0.85
The function that represent this exponential decay is given as y = A(0.85)ˣ
Find out more on exponential function at: brainly.com/question/12940982
