Question

A person’s retirement account of $30,000 earns 4% each year. Which value would represent the base of the exponential function that models this situation?
1) 30,000
2) 1.04
3) 1.4
4) 4

Answer 1

Well, your probably gonna not go with 30,000 because it stands out like a sore thumb. and 4% is = to .04 So that would be my likely guestimation. 1.04 is probably the answer. in high school you would do 30,000(1+.04/1
)^1*1 
 
and if you were to simplify
30,000(1+.04)
or
30,000(1.04)
So i would say 1.04 is the answer
 

Answer 2

Answer:

1.04

Step-by-step explanation:

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