Question

ONE HUNDRED POINT AND BRAINIEST FOR BEST CORRCET ANSWER! PLS HELP ASAP! Cami is comparing the growth rates in the value of two items in a collection. The value of a ring increases by 0.33% per month. write a function to represent the value of A of the necklace after t years, assuming the inital value of $1 then write an equivalent function with a power of 12t
A. which item is increasing in value at a faster rate?

B. What I sent the approximate annual growth of the ring? How does your result relate to your answer for part A?

Answer 1

Answer:

A(t) = 1.032^t

Ring rate grows faster

Annual rate of ring: 4.03%

Step-by-step explanation:

A(t) = (1 + 3.2%)^t

A(t) = (1.032)^t

Ring:

(1 + 0.33%)^(12t)

(1 + 0.0033)^(12t)

(1.0033¹²)^t

1.040326705^t

Increase of (1.040326705 - 1) × 100

= 4.0326705%

Faster rate: ring