A principal of 250 OR is deposited in an account that pays 0.064 interest compounded yearly. Account balance function in response of time (years)is f(x) = P(1+r)* P: initial value r: interest compounded yearly x: time in year a. Find the account balance after 5 years. b. By graphing show if the Account balance function is increasing or decreasng. c. After how many years the account balance will be 12000 OR.
A principal of 250 OR is deposited in an account that pays 0.064 interest compounded yearly. Account balance function in response of time (years)is f(x) = P(1+r)* P: initial value r: interest compounded yearly x: time in year a. Find the account balance after 5 years. b. By graphing show if the Account balance function is increasing or decreasng. c. After how many years the account balance will be 12000 OR.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 1CYU
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