The best interpretation of one of the values of the function is that the rate increases by 12% each day.
Step-by-step explanation:
Given:
F(x)=245(1.12)^x
To Find:
statement is the best interpretation of one of the values of the function
Solution:
Depending upon the values given the statement can be developed
As the function is itself the exponential growth structure ,
In this the statement ,Growth can be significantly depends on all factor
Such as time period initial value and rate.
But here the formula is simplified as ,
Here A= initial value r=rate and t =time period
Here A=245 and 1+r=1.12
i.e r=0.12 i.e 12%
Hence the rate give the best interpretation and more information about the function and scenario.
