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Wewaii [24]
4 years ago
12

Bytecoin is a new cryptocurrency that is currently valued at $243 per coin. You want to make an investment and purchase 1 Byteco

in and cash out when its value reaches $1,000. Over the last 12 months, you ve seen the value of the Bytecoin grow exponentially at a rate of 15% per month! You want all of your friends and family to invest with you, but you need to make predictions about how long it will take for your $243 investment to earn $1,000. Write an exponential equation in the form y = a * b ^ x and explain what a and b represent
Mathematics
1 answer:
Digiron [165]4 years ago
7 0

Answer:

Step-by-step explanation:

The growth rate of the coin is exponential. We would apply the formula for exponential growth which is expressed as

y = ab^x

y = b(1 + r)^ t

Where

y represents the value of the coin after x months.

x represents the number of months.

a represents the initial value of the coin.

b represents rate of growth.

From the information given,

a = 243

b = 1 + 15/100 = 1 + 0.15 = 1.15

Therefore, the exponential expression to determine the number of months, x it will take for the coin to attain a certain value, y is expressed as

y = 243(1.15)^x

If y = 1000, it means that

1000 = 243(1.15)^x

1000/243 = 1.15^x

4.115 = 1.15^x

Taking log of both sides, it becomes

log 4.115 = xlog1.15

0.614 = 0.061x

x = 0.614/0.061

x = 10 months

It will take 10 months

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Paraphin [41]

Answer:

y = 0.1x - 4

Step-by-step explanation:

Given the following data;

Points on the x-axis (x1, x2) = (-3, 7)

Points on the y-axis (y1, y2) = (-7, -6)

First of all, we would find the slope;

Mathematically, slope is given by the formula;

Slope = \frac{Change \; in \; y \; axis}{Change \; in \; x \; axis}

Slope, m = \frac {y_{2} - y_{1}}{x_{2} - x_{1}}

Substituting into the equation, we have;

Slope = (-6 - (-7))/(7 - (-3))

Slope = (-6 + 7)/(7 + 3)

Slope = 1/10

Slope = 0.1

Next, we would write the equation using the formula;

y - y1 = m(x - x1)

y - (-7) = 0.1(x - (-3))

y + 7 = 0.1(x + 3)

y + 7 = 0.1x + 3

y = 0.1x + 3 - 7

y = 0.1x - 4

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3 years ago
Jasmine wants to build a 2 2/5 meter long garden path paved with square stones that measure 1/4 meter on each side. There will b
Allisa [31]
The answer is 9 3/5
3 0
4 years ago
Literal equations 2x-3y=8 solve for y
jeka94
2x-3y = 8

Add 3y on both sides

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Subtract 8 on both sides

3y = 2x - 8

Divide 3 on both sides

<span>y= \frac{2}{3}x- \frac{8}{3}</span>
4 0
4 years ago
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If the units for x are feet and the units for a(x) are pounds per foot, what are the units for da/dx?
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According to a recent​ survey, the population distribution of number of years of education for​ self-employed individuals in a c
strojnjashka [21]

Answer:

a) n=100,\,\mu_s = 14.7, \,\sigma_s=0.32

b) n=400,\,\mu_s = 14.7, \,\sigma_s=0.16

c) "a.The mean of the sampling distribution stays the same, but the standard error decreases."

Step-by-step explanation:

a) We have a population with mean of 14.7 and standard deviation of 3.2.

We have to calculate the parameters of the sampling distribution (mean and standard deviation), for a sample size of n=100.

The mean for the sampling distribution is the same of the population:

\mu_s=\mu=14.7

The standard deviation of the sampling distribution is related to the population standard deviation by the inverse of the square of the sample size:

\sigma_s=\sigma/\sqrt{n}=3.2/\sqrt{100}=3.2/10=0.32

b) For a sample size of n=400, the mean is the same (14.7), but the standard deviation becomes:

\sigma_s=\sigma/\sqrt{n}=3.2/\sqrt{400}=3.2/20=0.16

c) "a.The mean of the sampling distribution stays the same, but the standard error decreases."

As we calculated, the standard error decreases as the sample size increases. This is because the variability of the variable is reduced as the sample size is bigger.

The mean stays the same independently of the sample size.

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3 years ago
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