contestada

Growing linearly, the balance owed on your credit card triples from $600 to $1800 in 12 months. If the balance were growing according to the exponential function f(x)=600(1+0.096)x where x represents the number of months, what would the balance be after 12 months? Round your answer to the nearest cent.

Growing linearly the balance owed on your credit card triples from 600 to 1800 in 12 months If the balance were growing according to the exponential function fx class=

Respuesta :

From the statement, we know that the balance of a company is given by:

[tex]f(x)=600\cdot(1+0.096)^x.[/tex]

Where x represents the number of months.

We want to know the value of the balance after 12 months. So we replace x = 12 in the function, and we get:

[tex]f(12)=600\cdot(1+0.096)^{12}\cong1802.51.[/tex]

Answer

After 12 months, the balance will be $1802.51 to the nearest cent.

Otras preguntas