4 7/8 as a decimal would be 4.875
we have to work money every day
Answer:
Growth rate = 8% = 0.08
Initial value (Po) = $255
F(t) = Po* e^rt
F(t) = $412.09897
Step-by-step explanation:
Given that:
Initial cost = $255
Rate of increase per year (r) = 8% = 0.08
Growth rate :
Final amount = Initial amount * (1 + rate)^time
Growth rate = 8% = 0.08
Initial value (Po) = $255
Exponential model for the cost :
F(t) = Initial value * e^(rate * time)
F(t) = Po* e^rt
Value after 6 years :
F(t) = Po* e^rt
t = 6
F(t) = 255 * e^(0.08*6)
F(t) = 255 * 1.6160744
F(t) = $412.09897
Answer:
170929
Step-by-step explanation:
