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Jobisdone [24]
3 years ago
11

Why is exponential functions important to know when owning a business ?

Mathematics
1 answer:
Ronch [10]3 years ago
4 0

Answer:

You need to know your math!

Step-by-step explanation:

If your gonna start a business you have to know your math, sure you can hire people but people work for cash, so when you start out on your own with your business you need to know your math so you can keep the business running. Hope this helps! :)

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75.2% of 130 what is the answer and work
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Read 2 more answers
You have a credit card with a balance of $754.43 at a 13.6% APR. You have $300.00 available each month to save or pay down your
pochemuha
 <span>B(n) = A(1 + i)^n - (P/i)[(1 + i)^n - 1] 

where B is the balance after n payments are made, i is the monthly interest rate, P is the monthly payment and A is the initial amount of loan. 

We require B(n) = 0...i.e. balance of 0 after n months. 

so, 0 = A(1 + i)^n - (P/i)[(1 + i)^n - 1] 

Then, with some algebraic juggling we get: 

n = -[log(1 - (Ai/P)]/log(1 + i) 

Now, payment is at the beginning of the month, so A = $754.43 - $150 => $604.43 

Also, i = (13.6/100)/12 => 0.136/12 per month 

i.e. n = -[log(1 - (604.43)(0.136/12)/150)]/log(1 + 0.136/12) 

so, n = 4.15 months...i.e. 4 payments + remainder 

b) Now we have A = $754.43 - $300 = $454.43 so, 

n = -[log(1 - (454.43)(0.136/12)/300)]/log(1 + 0.136/12) 

so, n = 1.54 months...i.e. 1 payment + remainder 
</span>
8 0
3 years ago
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