The function is f(x) = 86(1.01)^7x; grows approximately at a rate of 1% daily
<h3>How to rewrite the function?</h3>
The function is given as:
f(x) = 86(1.08)^x
There are 7 days in a week.
This means that:
1 day = 1/7 week
So, x days is
x day = x/7 week
Substitute x/7 for x in
f(x) = 86(1.08)^(x/7)
Rewrite as:
f(x) = 86(1.08^1/7)^x
Evaluate
f(x) = 86(1.01)^x
In the above, we have:
r = 1.01 - 1
Evaluate
r = 0.01
Express as percentage
r = 1%
Hence, the function is f(x) = 86(1.01)^7x; grows approximately at a rate of 1% daily
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$191.59
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Vertex: (3,16)
Axis of symmetry: x = 3
Step-by-step explanation:
The vertex is the minimum or maximum of the graph.
The x -coordinate of the vertex is the equation of the axis of symmetry of the parabola.