An ounce of almonds costs $1.40. If Joey buys 2.4 ounces of almonds, how much will he have to pay?
1 answer:
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Answer:
The correct option is A) The growth factor of the investment.
Step-by-step explanation:
Consider the provided exponential function.
Where V(t) is the total value after t years.
Here the function is in the form of Exponential Growth:
Where b value is the growth factor.
By comparing we get that the constant '1.125' represents the growth factor by which our value is increasing each year.
Constant '30,000' represents the initial value i.e. the investment made.
Hence, the correct option is A) The growth factor of the investment.