<h3>
Answer: p = 0.12*(1.02)^t</h3>
Explanation:
The general exponential growth equation is
p = A*B^t
where t is the number of years that have gone by after 2008, A is the starting amount, B is the growth multiplier, and p is the price t years after 2008
We know that A = 0.12 is the starting price
The value of B is B = 1.02 which is in the form 1+r since 1.02 = 1 + 0.02 = 1+r
The r value is r = 0.02 and it is positive to represent growth. Keep in mind that 2% = 2/100 = 0.02
So we go from
p = A*B^t
to
p = 0.12*(1.02)^t
Average is just the total divided by the number of things you added up.
You've been given 4 numbers.
So just add 7.75+7.25+7.33+7.6 and then divide that by 4.
the answer is therefore 29.93/4
=7.4285
You can check if that seems right by just looking at the numbers, the average will be inbetween the smallest and largest numbers, so it matches up.
Answer:
y = -1
Step-by-step explanation: