Answer:
no
Step-by-step explanation:
1160 will be the new amount after 2 years
P = $1000, t = 2 years, r = 0.08.
A = 1000(1+0.08(2)) = 1000(1.16) = 1160
Therefore 1160 is the new amount after two years.
Let's see
Let y=f(x)
Intechange x and y
Find y
The inverse is y=x/4
Graphs attached