Answer:
no figure 1 isn't similar to figure 2
Step-by-step explanation:
because its sides aren't the same numbers nor do the numbers correlate with the numbers in figure one its 2 different numbers
The answer is about 432.178
I'm assuming the funds earn 5% yearly?
Call x the amount he saves every year. The first year's deposit will be multiplied by 1.05 three times, the next will be multiplied by 1.05 twice, the third will be multiplied by 1.05 once, and the fourth will not generate interest (as it will immediately be used to buy the car).
Therefore, x(1.05^3+1.05^2+1.05+1)=21000, so 4.31x=21000. Dividing by 4.31, we see that x is approximately equal to 4872.
Answer:
x just represents a number
Exponential growth is
F=P(1+r)^t
F=future amount
P=present amount
r=rate
t=time in years
rate=2%=0.02
therefor the equation is
f(x)=23,000(1+0.02)^x
f(x)=23,000(1.02)^x
where x=time in years from 2012
