Word problem
1 answer:
You might be interested in
Answer:
Graph B
The graph in the attached figure
Step-by-step explanation:
we have
This is a exponential function
of the form
where
a is the initial value
b is the base
r is the rate
b=1+r
In this problem
a=2 ----> the y-intercept
b=3
so
1+r=3 -----> r=3-1=2 -----> r=200%
so
The y-intercept of the graph is equal to 2
As x increases the value of f(x) increases
therefore
Graph B
1) Iteration means a repetition of a rule.
a)
Considering that we have the following data:
Rate of increase: 5% per year
-
2) Then we can write out the following:
Plugging into n, the number of years we'll have:
Profits: $30,000 1st year
P: $31.500 2nd year
$33075 3rd year
(...) (...)
b) Since we want to know the predicted profit 15 years from the first year, then we can plug for that:
Note that we have plugged into n, n=15 years. Since the first year was $30,000 the profits.
Check the attachment or picture for the completed worksheet.
