Answer:
(b) After 8 years, the savings account has $255.32
Step-by-step explanation:
Given
---- initial (i.e. when t = 0)
Solving (a): Model the situation
For growth, an exponential function is represented as:
This gives:
Solving (b): The solution to (a)
We have:
Express percentage as decimal
Answer: 5 problems correct
Work Shown:
20% of 25 = 0.20*25 = 5
Answer:
Although this isn't mathematics, the answer would be the second choice. Savings accounts earn interest over time.