Question
Asked Oct 30, 2019
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b. If the savings in a bank account can be modeled
by the function S(t) 250 (1.045)'. Which of the
following is true?
Based on the context what is:
X
(1) The initial amount deposited was $250 and the
interest earned is 45%
(2) The initial amount deposited was $2.50 and the
interest rate is 4.5%.
(3) The initial amount deposited was $250 and the
interest rate is 4.5%.
(4) The initial amount deposited was $2.50 and the
interest rate is 45%.
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b. If the savings in a bank account can be modeled by the function S(t) 250 (1.045)'. Which of the following is true? Based on the context what is: X (1) The initial amount deposited was $250 and the interest earned is 45% (2) The initial amount deposited was $2.50 and the interest rate is 4.5%. (3) The initial amount deposited was $250 and the interest rate is 4.5%. (4) The initial amount deposited was $2.50 and the interest rate is 45%.

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Expert Answer

Step 1

The given funct...

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s (t) 250 (1.045)' represents the change in a quantity over t years. Note that, the exponential growth model is f(t)= a(1r, where a initial amount, r is growth rate, andt is time.

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