Eight and fifty four hundredths
8 . 5 4
Ones Tenths Hundredths
Answer:
what's the question, what is it asking for??
Formula for exponential growth is:
A = P(1+r)^t
Where A is the resulting amount, P is the initial value, r is the rate, and t is the time passed.
Filling this out for this situation gets you:
13400 = 10000(1+r)^6
Solving for r:
Divide 13400 by 10000
1.34 = (1+r)^6
Take the 6th root of both sides...
1 + r = 1.05
No more work is needed, since you aren’t solving for r.
Full equation:
V = 10000(1.05)^t
Answer C is correct
