What is the multiplicative rate of the exponential function shown on the graph
1 answer:
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Answer:
Claire borrowed $500 from her father.
Step-by-step explanation:
Interest = $90
p = ?
r = 6% or 0.06
t = 3
Simple interest formula is :
Putting values in formula we get;
p = $500
Hence, Claire borrowed $500 from her father.