The exponential function is given by 
. The initial investment of $50,000 grows at a rate of about 15% annually.
<h3>What is an equation?</h3>
An equation is an expression that shows the relationship between two or more numbers and variables.
An exponential function is in the form:
y = abˣ
Where a is the initial value and b is the rate of increase per period.
Let I(t) represent Jennifer’s investment account balance after t years, hence:
a = 50000, b = 100% + 15% = 115% = 1.15
The exponential function is given by . The initial investment of $50,000 grows at a rate of about 15% annually.
Find out more on equation at: brainly.com/question/2972832
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Answer:
The length of each side would be 11.05
Step-by-step explanation:
Just find the square root of 122
Using simple interest, it is found that the principal loan amount was of $156,491.6.
The amount of money after <u>t years</u> in <u>simple interest</u> is modeled by:
In which:
- A(0) is the initial amount, which is also called principal.
- r is the interest rate, as a decimal.
In this problem, she paid $984 monthly for 22 years, hence:
Interest rate of 3%, hence 
Then:
![259776 = A(0)[1 + 0.03(22)]](https://tex.z-dn.net/?f=259776%20%3D%20A%280%29%5B1%20%2B%200.03%2822%29%5D)
The principal loan amount was of $156,491.6.
A similar problem is given at brainly.com/question/13176347
