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EXPONENTIAL AND LOGARITH MIC FUNCTIONSWriting an equation that models exponential growth or decayA principal of $3600 was invested at 3.75% interest, compounded annuallyLet t be the number of years since the start of the investment. Let y be the value of the investment, in dollars.Write an exponential function showing the relationship between y and t?X

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EXPONENTIAL AND LOGARITH MIC FUNCTIONS
Writing an equation that models exponential growth or decay
A principal of $3600 was invested at 3.75% interest, compounded annually
Let t be the number of years since the start of the investment. Let y be the value of the investment, in dollars.
Write an exponential function showing the relationship between y and t
?
X
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EXPONENTIAL AND LOGARITH MIC FUNCTIONS Writing an equation that models exponential growth or decay A principal of $3600 was invested at 3.75% interest, compounded annually Let t be the number of years since the start of the investment. Let y be the value of the investment, in dollars. Write an exponential function showing the relationship between y and t ? X

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Step 1

Given,

P $3600 andr 3.75%
We know that
nt
A P (1
п,
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P $3600 andr 3.75% We know that nt A P (1 п,

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Step 2

Let t be the number of years since the start of investment.

Let y be the value of i...

t
y 3600 (1+ 0.0375
1
y 3600(1.0375)
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t y 3600 (1+ 0.0375 1 y 3600(1.0375)

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