Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of his total each night. If Hosea gains no other money, what will eventually happen to the total amount of money? O A. It will increase linearly over time. O B. It will first decrease, then increase. O C. It will increase exponentially over time. O D.It will remain the same over time. O E. It will decrease over time.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.10: Modeling Variation
Problem 48E
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Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of his total each night. If
Hosea gains no other money, what will eventually happen to the total amount of money?
A. It will increase linearly over time.
B. It will first decrease, then increase.
C. It will increase exponentially over time.
D. It will remain the same over time.
O E. It will decrease over time.
Transcribed Image Text:Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of his total each night. If Hosea gains no other money, what will eventually happen to the total amount of money? A. It will increase linearly over time. B. It will first decrease, then increase. C. It will increase exponentially over time. D. It will remain the same over time. O E. It will decrease over time.
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