We have been given that you invest $850 into a stock market fund, which grows at a rate of approximately 4% each year. We are asked to write an equation that can be used to calculate the amount of money in the fund after x years.
We will use exponential growth formula to solve our given problem.
An exponential function is in form
, where,
y = Final amount,
a = Initial amount,
r = Growth rate in decimal form,
x = Time.
Let us convert 4% into decimal.
.
We have
and
, so our equation would be:


Therefore, the equation
can be used to calculate the amount of money in the fund after x years.
Three and one tenth. The zeros on the end don't mean anything.
Answer:
m= -1/2
Explanation:
Use the <u>slope formula</u> to find the <u>slope</u> m
Answer: 20133333322
Step-by-step explanation: I just did it thx
The reason why the trails must be in quadrant 2 or 3 is because the coordinates start with a negative number. Quadrant 2= (-,+) and quadrant 3= (-,-)