theorinea2017 theorinea2017
  • 14-02-2017
  • Mathematics
contestada

Given an exponential function for compounding interest, A(x) = P(1.02)x, what is the rate of change?

Respuesta :

nobillionaireNobley
nobillionaireNobley nobillionaireNobley
  • 20-02-2017
A(x) = P(1.02)^x
A(x) = P(1 + 0.02)^x
A(x) = P(1 + r)^x

Therefore rate of change = 0.02 = 2%
Answer Link

Otras preguntas

Georgia is a relator that receives 3% commission on the final sale of a house. If she sells the house for $475,000, what will her commission be? $142,500 $1,425
Can someone give me the answer I need help
a) Please help, In the town of blueston, there are 6 brown houses for every 8 blue houses. What is the ratio of brown houses to blue houses in blueston? b) If t
What is the best approximation of the solution to the system to the nearest integer values? (7, 1) (0,6) (1,7) (7,0)​
Hello and happy valentines day everyone!
1. Which meteorological device is used to measure relative humidity?
Hey can anyone pls write who is Jimi Hendrix in ur own words!!!!!
help pls (10 points)
Which polynomial can be simplified to a difference of squares.
when a nursing assessment of a 58 year old client indicates that client has symptoms of dementia what information in the clients medical history suggests a pote