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umka21 [38]
2 years ago
5

PLEASE HELP! Given the following equation of an exponential function N= 40.25(1.0394)^t determine the base, b, of the exponentia

l model. Is the base
Mathematics
1 answer:
NeTakaya2 years ago
5 0
The exponential equation in its generic form is:
 y = A * (b) ^ t
 Where,
 A: initial amount
 b: base (Growth rate for b> 1. Decrease rate for b <1.)
 t: time.
 We have then that the equation is:
 N = 40.25 (1.0394) ^ t
 The base is:
 b = 1.0394> 1 (it is a growth rate)
 Answer:
 
The base, b, of the exponential model is:
 
b = 1.0394
 the base is a growth rate
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Hello,

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Answer:

The exponential equation is <em>A = 600(1.04)^15</em>

<em></em>

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The  value of the mutual fund after the number of years can be represented using the compound interest  equation below;

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