a simple interest account earns $75 at a rate of 1.5% over the course of 5 years.what was the principal amount on the account?
1 answer:
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Answer:
therefore the correct options are:
B. the equation is an exponential decay equation.
F. $28000 represents the initial cost of an automobile that depreciates 27% per year over the course of t years.
Step-by-step explanation:
i) the cost of an automobile is given by the equation is
C(t) = , where C(t) represents the cost and t represents the time in years
ii) the above equation is an exponential decay equation. It is a decay equation because growth rate is 0.73 which is less than 1 and greater than zero.
ii) when t = 0 then the cost is C(0) = 28000 represents the initial cost.
iii) from the equation in i) we can understand that the cost depreciates 27% per year over the course of t years.
therefore the correct options are:
B. the equation is an exponential decay equation.
F. $28000 represents the initial cost of an automobile that depreciates 27% per year over the course of t years.