Return to TestQuestion 16, Step 1 of 1lovedSolution2caldian Dana 1 of 1 1 Hawkes Learning | PortalCorrect Answer: $56,954.45Tutor-Solution Page 1 of 1 | Hawkes Learning | PortalThe balance owed on your credit card triples from $800 to $2400 in 9 months. If the balance is growlinearly then it would take 34.9 months to reach $7000. If, on the other hand, the balance is growing800(1+0.13)* where x represents the number of months, what would the bbe after 34.9 months? Round your answer to the nearest cent.exponentially, f(x)31550f(x) =In order to solve this problem, we assume the balance is growing according to the exponential functi800(1 + 0.13)*, where the variable x represents the total number of months. Here we areinterested in knowing what the balance would be after 34.9 months, so substitute 34.9 for x.315496f(x) = 800(1.13)*f(34.9) = 800(1.13) 34.2≈ 56,954.45So the balance after 34.9 months would be $56,954.45. Notice that your answer is greater than $70Over a long period of time, exponential growth occurs at a much faster rate than linear growth.IRENEmonthsPVAT34,990ygoy

Given: The exponential function: f(X) = 800(1+0.13)X X = 34.9 months

Loved Solution The balance owed on your credit card triples from $800 to $2400 in 9 months. If the balance is grow linearly then it would take 34.9 months to reach $7000. If, on the other hand, the balance is growing be after 34.9 months? Round your answer to the nearest cent 800(1+0.13)* where x represents the number of months, what would the b exponentially, f(x) = f(x) In order to solve this problem, we assume the balance is growing according to the exponential functi 800(1 + 0.13)*, where the variable x represents the total number of months. Here we are interested in knowing what the balance would be after 34.9 months, so substitute 34.9 for x. = f(x) f(34.9) Correct Answer: $56,954.45 = = 800(1.13)* 90 800(1.13)34.9 ما 579 31 904 ≈56,954.45 So the balance after 34.9 months would be $56,954.45. Notice that your answer is greater than $70 Over a long period of time, exponential growth occurs at a much faster rate than linear growth. ths