poop2910
contestada

The function y= 15.35 (1.0279)^t represents the value y(in dollars) of a share of stock after t days. Identify the initial amount and determine the growth or decay rate.

The function y 1535 10279t represents the value yin dollars of a share of stock after t days Identify the initial amount and determine the growth or decay rate class=

Respuesta :

sqdancefan

9514 1404 393

Answer:

  • initial amount: $15.35
  • growth: 2.79% per day

Step-by-step explanation:

The coefficient is the initial amount: $15.35.

The growth factor is the base of the exponential term: 1.0279. The growth rate is 1 less than this: 1.0279 -1 = 0.0279 = 2.79%. It is positive, so represents a growth of 2.79% per day.

Otras preguntas