Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
Let's disect our equation.
[tex]P_t = 2000*1.05^t[/tex]
The 2000 is the initial number. Each year, there is 5% more. Add that to the 100% already there and you get 105%, in decimal form 1.05. Each year that is multiplied onto 2000, so we represent it as an exponent ^t. The 1.05^t is our rate of change.
Now let's try for 2 and 5.
[tex]P_2 = 2000*1.05^2[/tex]
[tex]P_5 = 2000*1.05^5[/tex]
The rate of change would be the difference between the two.
[tex]1.05^5 - 1.05^2 = 1.05^(^5^-^2^) = \boxed{1.05^3\ or\ 1.157625}[/tex]
[tex]P_t = 2000*1.05^t[/tex]
The 2000 is the initial number. Each year, there is 5% more. Add that to the 100% already there and you get 105%, in decimal form 1.05. Each year that is multiplied onto 2000, so we represent it as an exponent ^t. The 1.05^t is our rate of change.
Now let's try for 2 and 5.
[tex]P_2 = 2000*1.05^2[/tex]
[tex]P_5 = 2000*1.05^5[/tex]
The rate of change would be the difference between the two.
[tex]1.05^5 - 1.05^2 = 1.05^(^5^-^2^) = \boxed{1.05^3\ or\ 1.157625}[/tex]
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.