Does this equation have exactly one solution
1 answer:
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Answer:
The APY of the saving account is 4.0474%
Step-by-step explanation:
We know the formula for APY which is given by
here, r= interset rate = 3.9742% = 0.039742
n = compounding cycles = 12
On plugging these values in the above formula, we get
On simplifying this we get
APY =0.04047395=4.0474%
Answer:
a = 249 and b = 1.16
Step-by-step explanation:
Consider the provided information.
The exponential function for growth is:
Here, a is the initial value and r is the rate of change.
It is given that the number of birds is 249.
It means a = 249
The rate is given 16%
r=0.16
Put the value of a and r in the above formula.
Now we will compare it with the exponential function form
Therefore, a = 249 and b = 1.16