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4 of 21 Next We can use exponential functions to model money transactions over time. Our exponential function model y = a b can also be y= a(b)* A = P(1+r) written as A = P(1+r)'. %3D A= Final Amount P= Starting Amount r= rate as a decimal t= time in years Were does the 1 come from? Why does b become 1 + Share With Class

4 of 21 Next We can use exponential functions to model money transactions over time. Our exponential function model y = a b can also be y= a(b)* A = P(1+r) written as A = P(1+r)'. %3D A= Final Amount P= Starting Amount r= rate as a decimal t= time in years Were does the 1 come from? Why does b become 1 + Share With Class

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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4 of 21 Next > We can use exponential functions to model money transactions over time. Our exponential function model y = a b can also be y3D y= a(b)* A = P(1+r) written as A = P(1+r)'. y%3= A= Final Amount P= Starting Amount r= rate as a decimal t= time in years Were does the 1 come from? Why does b become 1 + r? Share With Class 4 US V O 6:06 acer
Transcribed Image Text:4 of 21 Next > We can use exponential functions to model money transactions over time. Our exponential function model y = a b can also be y3D y= a(b)* A = P(1+r) written as A = P(1+r)'. y%3= A= Final Amount P= Starting Amount r= rate as a decimal t= time in years Were does the 1 come from? Why does b become 1 + r? Share With Class 4 US V O 6:06 acer
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