Answer:
The answer is C, LN and NK hoped I helped
Answer:
The approximate growth rate of the savings account is 2.5%
Step-by-step explanation:
Given the the function S(x) = 5, 000 * (1.025) ^ (0.7x)
From the function, we can see that part: (1.025). It presents for the growth factor or rate with the formula as:
(1 + r) where r is rate
So we have:
(1 + r) = 1.025
<=> r = 1.025 -1
<=> r = 0.025
In pecentage, we have the rare: 0.025 *100% = 2.5%
So the approximate growth rate of the savings account is 2.5%
Interest = principal * rate * time / 100 = 360 * 12.3 * 2.5 / 100 (Note 30 months = 2.5 years)
Answer is $110.70
Use slope intercept form for equation, which is y = mx +b. m is slope and b is the y-intercept.
Find slope by change in y over change in x. So pick two points, for example (0, 24) and (2, 20). Slope (m) will be
(y2-y1)/(x2-x1)
= (24-20)/(0-2)
= 4/-2
m = -2
Y-intercept is 24.
Equation is y = -2x + 24