Principal = $8100; rate = 17%; time = 7 years What is the amount of interest earned?
1 answer:
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Answer:
D
Step-by-step explanation:
Exponential equation takes the form where
- a is the initial value ( a ≠ 0), and
- b is the base ( b ≠ 1)
The equation given in the problem can be written as , so it is <em>an exponential equation, </em> where a = -4.8 and b = 4.
Thus we can say that the initial value = -4.8 and the base is 4
The correct answer is D