Answer:
$2988.37
Step-by-step explanation:
Subtract the payment from the previous balance. Convert the APR to a decimal. Multiply the unpaid balance by this decimal. Divide the product by 12 to calculate the interest added for this month. Add the new amount owed, the interest, and the new transaction to determine the new balance.
The expression that completes the function b(x) is b(x) = 33741 * (1.028)^x
<h3>How to determine the expression of b(x)?</h3>
The given parameters are:
Initial value, a = 33741
Rate, r = 2.8%
The cost of tuition each year since 2015 is represented as
B(x) = a * (1 + r)^x
This gives
B(x) = 33741 * (1 + 2.8%)^x
Evaluate
b(x) = 33741 * (1.028)^x
Hence, the expression that completes the function b(x) is b(x) = 33741 * (1.028)^x
Read more about exponential functions at:
brainly.com/question/12636638
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<u>Complete question</u>
A study estimates that the cost of tuition at a university will increase by 2.8% each year. The cost of tuition at the University in 2015 was $33,741 the function b(x) , models the estimated tuition cost , where x is the number of years since 2015.
Find the expression that completes the function b(x)
X=1/5+2/5√14 or 1/5 + -2/5√14
Its close to 1/2 I think this is an interesting question
