Classify the number −25.
1 answer:
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Answer:
The exponential model is .
Step-by-step explanation:
The exponential model can be modelled by the following mathematical expression:
(1)
Where:
- Independent variable.
- Dependent variable.
- Coefficients.
If we know that and
, then we get the following system of equations:
(2)
(3)
If we divide (3) by (2), we calculate the value of :
And by (2), we determine the value of :
The exponential model is .
Answer: Kriz should pay $50,100 at the end of the term.
Step-by-step explanation:
If the interest is compunded quarterly, then the accumulated amount after t years will be:
, where P= principal value , r = rate of interest .
Given: P= 50,000 , r= 5% = 0.05, t= 4 years
Then,
Hence, Kriz should pay $50,100 at the end of the term.