Sandra saves 10% of her salary for retirement. This year her salary was $2,000 more than in the previous year, and she saved $4,
2 answers:
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Consider all options:
A.
This option is true.
B.
This option is false.
C.
This option is true.
D.
This option is false.
E.
This option is false.
Answer: correct options are A and C.
<h2>Answer</h2>
f(x) = 190(1.15)x
<h2>Explanation</h2>To solve this, we are going to use the standard exponential function:
Where
is the final price after
years
is the initial price
is the rate in decimal form
is the time in years
We know from our problem that the initial price is $190, so . Now to convert the rate, 15%, to decimal form, we are going to divide it by 100%, so
. Let's replace the values: