6 years
A parent increases a child’s monthly allowance by 20% each year. If the allowance is $8 per month now. This is an exponential function, An exponential function is given by:
Let x be the number of years and y be the allowance. The initial allowance is $8, this means at x = 0, y = 8
Since it increases by 20% each year, i.e 100% + 20% = 1 + 0.2 = 1.2. This means that b = 1.2
Therefore:
To find the number of years will it take to reach $20 per month, we substitute y = 20 and find x
x = 6 years to the nearest year
Answer:
The formula for the vertex of the parabola is -b/a. Plugging this in we get -(-4)/1 or 4.
Answer:
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