Answer:
A(t) = 1.032^t
Ring rate grows faster
Annual rate of ring: 4.03%
Step-by-step explanation:
A(t) = (1 + 3.2%)^t
A(t) = (1.032)^t
Ring:
(1 + 0.33%)^(12t)
(1 + 0.0033)^(12t)
(1.0033¹²)^t
1.040326705^t
Increase of (1.040326705 - 1) × 100
= 4.0326705%
Faster rate: ring
Answer:
7
Step-by-step explanation:
The answer is (-3, 1)
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