poop2910
Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

The function y= 15.35 (1.0279)^t represents the value y(in dollars) of a share of stock after t days. Identify the initial amount and determine the growth or decay rate.

The Function Y 1535 10279t Represents The Value Yin Dollars Of A Share Of Stock After T Days Identify The Initial Amount And Determine The Growth Or Decay Rate class=

Sagot :

sqdancefan

9514 1404 393

Answer:

  • initial amount: $15.35
  • growth: 2.79% per day

Step-by-step explanation:

The coefficient is the initial amount: $15.35.

The growth factor is the base of the exponential term: 1.0279. The growth rate is 1 less than this: 1.0279 -1 = 0.0279 = 2.79%. It is positive, so represents a growth of 2.79% per day.

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.