Translate the given relationship of two quantities into a variation statement.
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Answer:
Step-by-step explanation:
We want an exponential function that goes through the two points (0, 8) and (2, 200).
Since a point is (0, 8), this means that y = 8 when x = 0. Therefore:
Simplify:
So we now have:
Likewise, the point (2, 200) tells us that y = 200 when x = 2. Therefore:
Solve for b. Dividing both sides by 8 yields:
Thus:
Hence, our exponential function is:
To find how much the real estate agent made, we must multiply the two.
Note: It is crucial that you put 7% as a decimal.
Therefore, the real estate agent made $14,742
Hope this helps!
Note: It is crucial that you put 7% as a decimal.
Therefore, the real estate agent made $14,742
Hope this helps!