2 years ago

Please help me solve

Mathematics

1 answer:

Inga [223]2 years ago

3 0

Answer:

s= -2

Step-by-step explanation:

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Monthly rent at Lake View Apartments has increased annually and is modeled by the exponential equation y = 2,400(1.04)x. What is

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The percent increase per year is 4%

Step-by-step explanation:

we have

$y=2,400(1.04^x)$

This is a exponential function of the form

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where

y represent the monthly rent at Lake View Apartments

x represent the number of years

a is the initial value (y-intercept)

b is the base

r is the rate or percent increase

$b=(1+r)$

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In this problem we have

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Therefore

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7 0

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