Steve manages a skate park and he has been analyzing the attendance data. Steve finds that the number of visitors increases expo
nentially as the temperature increases, and this situation is represented by the function f(x) = 5x. Steve also finds a linear equation that models the number of people who leave the park early depending on the change in temperature, and it is represented by f(x) = −x + 6. The graph of the two functions is below. Find the solution to the two functions and explain what the solution represents. (10 points)
2 answers:
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The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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