Select the answer choice below that represents 5.9 x 10-4 in standard notation.
1 answer:
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Using an exponential function, it is found that the value of Yong's investment account after 7 years is given by:
(C) $2363
<h3>What is an exponential function?</h3>It is modeled by:
In which:
- a is the initial value.
- b is the rate of change.
Her account was worth $2000 initially, and it increases by 10%, percent every 4 years, hence, it is modeled by:
After 7 years, the amount is:
Hence option C is correct.
More can be learned about exponential functions at brainly.com/question/25537936