Deposits $10 in an account that earns an interest rate of 5% compounded annually. What is the balance in the account at the end
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Given:
The function is:
To find:
The initial value of the function.
Solution:
We have,
The value of the function at x=0 is called the initial value of the function.
For x=0, we get
Clearly 0.88 is a non zero number and zero to the power of a non zero number is always 1.
Therefore, the initial value of the function is 350.