The function P=f(t), whose graph and table are shown to the right and below, gives the balance, in dollars, of an account in year t. 2,488.32- Amount, P (dollars) Time, t (years) $1,440 $2,488.32 1440 Complete parts (a), (b) and (c) below 2 t (a) Complete the boxes below to write a formula which gives P as a function of time t, assuming exponential growth. P = Number t • ( Number (b) What was the initial balance of the account? $ Number (c) What annual interest rate does the the account pay? Number % per year

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.1: Inverse Functions
Problem 17E
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The function P =At), whose graph and table are shown to the
right and below, gives the balance, in dollars, of an account in
year t.
Time, t
Amount, P
2,488.32-
(years)
(dollars)
2
$1,440
P
5
$2,488.32
1440-
Complete parts (a), (b) and (c) below
2
t
(a) Complete the boxes below to write a formula which gives P as a function of time t,
assuming exponential growth.
P=
Number
( Number
(b) What was the initial balance of the account? $ Number
(c) What annual interest rate does the the account pay?
Number
% per year
Transcribed Image Text:The function P =At), whose graph and table are shown to the right and below, gives the balance, in dollars, of an account in year t. Time, t Amount, P 2,488.32- (years) (dollars) 2 $1,440 P 5 $2,488.32 1440- Complete parts (a), (b) and (c) below 2 t (a) Complete the boxes below to write a formula which gives P as a function of time t, assuming exponential growth. P= Number ( Number (b) What was the initial balance of the account? $ Number (c) What annual interest rate does the the account pay? Number % per year
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