Answer:
y = 32,000(1.08)^x
Step-by-step explanation:
The exponential growth equation is y = a(1 + r)^x, where a is the initial amount, r is rate as a decimal, and x is the time.
In this situation, 32,000 is the initial amount (a) and 0.08 is the rate (r)
If we plug these into the equation, we get the equation y = 32,000(1.08)^x
So, y = 32,000(1.08)^x is the correct answer.
Answer:
0.36666 etc
Step-by-step explanation:
11/30
Answer:
34 pounds
Step-by-step explanation:
3x9=27
27+7=34
4000000/6000=666.67
(1+r)^200=666.67
ln (1+r)^200=ln 666.67
200 ln (1+r)=ln 666.67
e^ln (1+r)=e^.03251145
1+r=1.0330457
r=0.0330457, or 3.30457% APR
