Simple interest of 630$ for 4 years at 6.5%
2 answers:
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Answer:
The function is y = 40 * 2^(x/2)
The graph is in the image attached
Step-by-step explanation:
The function that models this growth is an exponencial function, that can be described with the following equation:
y = a * b^(x/n)
Where a is the inicial value, b is the rate of growth, x is the time and n is the relation between the time and the rate (the rate occurs for every two hours, so n = 2).
Then, using a = 40, r = 2 and n = 2, we have:
y = 40 * 2^(x/2)
If we plot this function, we have the graph shown in the image attached,
It is an exponencial graph, where the value of y increases very fast in relation to the increase of x.
I did this with a pencil and no calculator while my daughter was practicing her driving. Please let me know if you have trouble reading it. You'll have to add the calculator stuff yourself.
