Loved Solution The balance owed on your credit card triples from $800 to $2400 in 9 months. If the balance is grow linearly then it would take 34.9 months to reach $7000. If, on the other hand, the balance is growing be after 34.9 months? Round your answer to the nearest cent 800(1+0.13)* where x represents the number of months, what would the b exponentially, f(x) = f(x) In order to solve this problem, we assume the balance is growing according to the exponential functi 800(1 + 0.13)*, where the variable x represents the total number of months. Here we are interested in knowing what the balance would be after 34.9 months, so substitute 34.9 for x. = f(x) f(34.9) Correct Answer: $56,954.45 = = 800(1.13)* 90 800(1.13)34.9 ما 579 31 904 ≈56,954.45 So the balance after 34.9 months would be $56,954.45. Notice that your answer is greater than $70 Over a long period of time, exponential growth occurs at a much faster rate than linear growth. ths

Q: Suppose you invest $5500 in a bank account that earns a compounded annual interest rate of 4%.…

A: P=$5500r=4%=0.04  Compounded annual Therefore, n=1

Q: In 2001 there were 280 cellphone increase 66% per year after 2001 A. What is this a linear or…

A: Number od cellphones given and rate of increment is given.. So we can find  the relation between…

Q: The half-life of carbon-14, 14C, is approximately 5,730 years. A bone fragment is estimated to have…

A:

Q: A bacteria culture is started with 250 bacteria. After 4 hours, the population has grown to 764…

A:

Q: When looking at an equation, how can you determine whether it represents exponential decay or…

A:

Q: Example 5 Between 2007 and 2008, Olympia, WA grew almost 3% to a population of 245 thousand people.…

A: Exponential Growth : If a quantity starts at size P0 and grows by R% (written as a decimal, r=R/100)…

Q: The value of a troubled stock is falling exponentially. Currently a share of the stock is worth $35…

A: The value of a troubled stock is falling exponentially. Currently a share of the stock  is worth $35…

Q: 3. In 2001, a population of hawks was estimated to be 7500. Due to deforestation, it is currently…

A:

Q: A bank features a savings account that has an annual percentage rate of r = 4.3% with interest…

A: Given, A bank features a savings account that has an annual percentage rate of r = 4.3% with…

Q: A car is purchased at $18,000. The car depreciates by 5% each year. Give the exponential model. How…

A:

Q: 43. Ms. Williams invested $9500 in an account that earned interest at an annual rate of 8%,…

A:

Q: The percent of paper and paperboard that is recycled from municipal solid waste has grown…

A: The given data isYear; xPercentage of paper cycled, R(x)1980,, 021.51990, 1027.41994, 1435.71995,…

Q: The current student population of Dallas is 1500. If the population increase at a rate of 11% each…

A: It is given that the present students are 1500(P). The rate of growth(R) is 11%.

Q: Utah, the land of milk and honey where math students have courage and freedom rings true, is one of…

A: Let r% be the growth rate of the population and n=0 for the year 2014 and initial population is…