<h3>
Answer: p = 0.12*(1.02)^t</h3>
Explanation:
The general exponential growth equation is
p = A*B^t
where t is the number of years that have gone by after 2008, A is the starting amount, B is the growth multiplier, and p is the price t years after 2008
We know that A = 0.12 is the starting price
The value of B is B = 1.02 which is in the form 1+r since 1.02 = 1 + 0.02 = 1+r
The r value is r = 0.02 and it is positive to represent growth. Keep in mind that 2% = 2/100 = 0.02
So we go from
p = A*B^t
to
p = 0.12*(1.02)^t
4(4/5) + √(4/5) + 0.2 - 5(4/5)
= 16/5 + (2√5/5) + (1/5) - 4
= (16 + 2√5 + 1 - 20)/5
= (2√5 - 3)/5 or 0.29442719
1/4 divided by 5 is 0.05 or 1/20
Answer:
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Step-by-step explanation:
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