8. You plan on saving money for college. You start when you are 8 years old with $500 that you earned during the summer. You plan on earning 8% per year on your investment. What is the exponential function that shows how much you will make? Complete the table and graph. How much money will you have after 5 years? 8 years? 10 years? У. f(t) 1000 f (t) = 900 80 700 f(5) = 600 3 500 400 f(8) = 300 200 100 f (10) =

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 8T
icon
Related questions
Question
8. You plan on saving money for college. You start when you are 8 years old with $500 that
you earned during the summer. You plan on earning 8% per year on your investment.
What is the exponential function that shows how much you will make? Complete the table
and graph. How much money will you have after 5 years? 8 years? 10 years?
У.
f(t)
1000
f (t) =
900
80
700
f(5) =
600
3
500
400
f(8) =
300
200
100
f (10) =
Transcribed Image Text:8. You plan on saving money for college. You start when you are 8 years old with $500 that you earned during the summer. You plan on earning 8% per year on your investment. What is the exponential function that shows how much you will make? Complete the table and graph. How much money will you have after 5 years? 8 years? 10 years? У. f(t) 1000 f (t) = 900 80 700 f(5) = 600 3 500 400 f(8) = 300 200 100 f (10) =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning