Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A person’s retirement account of $30,000 earns 4% each year. Which value would represent the base of the exponential function that models this situation?
1) 30,000
2) 1.04
3) 1.4
4) 4

Sagot :

Well, your probably gonna not go with 30,000 because it stands out like a sore thumb. and 4% is = to .04 So that would be my likely guestimation. 1.04 is probably the answer. in high school you would do 30,000(1+.04/1
)^1*1 
 
and if you were to simplify
30,000(1+.04)
or
30,000(1.04)
So i would say 1.04 is the answer
 

Answer:

1.04

Step-by-step explanation:

took the test

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.