Solution Growing linearly, the balance owed on your credit card triples from $600 to $1800 in 12 months. If t balance were growing according to the exponential function f(x) = 600(1+0.096) where x repre the number of months, what would the balance be after 12 months? Round your answer to the near tuplex 3 In order to solve this problem, we assume the balance is growing according to the exponential functi f(x) = 600(1+0.096), where the variablex represents the total number of months. Here we are interested in knowing what the balance would be after 12 months, so substitute 12 for x. f(x) = 600(1.096) f(12) = 600(1.096) 12 1802.51 F6574 72 So the balance after 12 months would be $1802.51. Notice that your answer is close to $1800. This that over a short period of time, exponential growth can yield approximately the same results as line growth. However, unlike linear growth, exponential growth is not constant because each month's gr proportional to the previous month's growth. get = 54.8

Q: A bank features a savings account that has an annual percentage rate of r = 3.4% with interest…

A: Read the definition of each variable and you will get the answers in the question itself. Substitute…

Q: Graph the following exponential function. Make a table of values and label the equation on the…

A: y=2·3x                           at x=0,     y=2·30 = 2at x=1,…

Q: O Write an equation for an expone function with no horizontal or vertical shift that goes through…

A: The exponential function is of the form y=abx

Q: A bank features a savings account that has an annual percentage rate of r = 5% with interest…

A: (A) It is given that r=5%. That is, r=5100=0.05 Also, Laura deposits $10,500 and is modeled by…

Q: In 2013, the moose population in a park was measured to be 5,600. By 2017, the population was…

A:

Q: If the rate of inflation is 1.9% per year, the future price p (t) (in dollars) of a certain item can…

A:

Q: If the population of a Nigeria doubles in 9 years, find the growth rate k. Assume that the population…

A: So the equation for the exponential population with growth rate k is given by: Where, A= initial…

Q: A principal amount of $1500 is placed into a savings account with an APR of 2.55% simple interest…

A: Here first we use the simple interest formula and then the continuous compounding formula.