Write an equation in the form y = a(b)x to model the situations below: a) Josephine opens a new savings account with Scotiabank that earns /2 0.0625% monthly interest. Josephine deposits $225.00 into this account on the first day of the first month. b) Harold purchases a brand new vehicle for $39,525. According to recent /2 data from Black Book this vehicle will depreciate 20% of its original value after the first year.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Write an equation in the form y = a(b)x to model the situations below: a) Josephine opens a new savings account with Scotiabank that earns /2 0.0625% monthly interest. Josephine deposits $225.00 into this account on the first day of the first month. b) Harold purchases a brand new vehicle for $39,525. According to recent /2 data from Black Book this vehicle will depreciate 20% of its original value after the first year.
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