Jake deposits $220 in an account every year on his birthday. The account earns 3.2% simple interest and the interest is sent to
1 answer:
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To model this situation, we are going to use the exponential function: 
where
is the initial number of cars
is the growing rate in decimal form
is number of tames the growing rate is increasing per year
is the time in years
To convert the growing rate to decimal form, we are going to divide the rate by 100%
Since the growing rate is increasing quarterly,
. We also know that the initial number of cars is 920, so 
. Lets replace all those values in our function:
We can conclude that:
Rate ---------> The quarterly rate of growth is 0.03 or 3%
Exponent --------> The compound periods multiplied by the number of years is 4t
Coefficient--------> The initial number of cars serviced is 920
Base------> The growth factor is represented by 1.03
where
To convert the growing rate to decimal form, we are going to divide the rate by 100%
Since the growing rate is increasing quarterly,
We can conclude that:
Rate ---------> The quarterly rate of growth is 0.03 or 3%
Exponent --------> The compound periods multiplied by the number of years is 4t
Coefficient--------> The initial number of cars serviced is 920
Base------> The growth factor is represented by 1.03
The table is shown below in the attached picture.
The grand total is the bottom rightmost cell, yellow in color.
12th graders AND likes specialty cold drinks is the cell colored green.
These 137 people are p% of the total. To get the value of p, we will divide this number (137) by grand total (750) and multiply by 100 to get the value.
%.
Rounded to the nearest percent, it is 18%. Answer choice D is correct.
ANSWER: D
