Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Using an exponential function, it is found that the amounts deposited at the end of each month are given by:
- At the end of the first month, she deposits $110.
- At the end of the second month, she deposits $121.
- At the end of the third month, she deposits $133.1.
- At the end of the fourth month, she deposits $146.41.
What is an exponential function?
An increasing exponential function is modeled by:
[tex]A(t) = A(0)(1 - r)^t[/tex]
In which:
- A(0) is the initial value.
- r is the growth rate, as a decimal.
In this problem, we have that A(0) = 100, r = 0.1, hence the equation for the amount deposited after t months is:
[tex]A(t) = 100(1.1)^t[/tex]
Then, for each of the first four months:
- [tex]A(1) = 100(1.1)^1 = 110[/tex]
- [tex]A(2) = 100(1.1)^2 = 121[/tex]
- [tex]A(3) = 100(1.1)^3 = 133.1[/tex]
- [tex]A(4) = 100(1.1)^4 = 146.41[/tex]
More can be learned about exponential functions at https://brainly.com/question/25537936
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.