Ask Question
5 November, 23:51

an initial amount of 2,400 grows at a rate of 12% every month. Write an exponential equation for the amount y after x months

+1
Answers (1)
  1. 6 November, 01:47
    0
    The expression is y (x) = 2400 * (1.12) ^x

    Step-by-step explanation:

    The initial amount is:

    y (0) = 2400

    After the first month it is:

    y (1) = y (0) * (1 + 12/100) = 2400 * (1 + 0.12) = 2400 * (1.12)

    After the second month it is:

    y (2) = y (1) * (1.12) = y (0) * (1.12) * (1.12) = y (0) * (1.12) ²

    After the third month it is:

    y (3) = y (2) * (1.12) = y (0) * (1.12) ² * (1.12) = y (0) * (1.12) ³

    After "x" months, we have:

    y (x) = y (0) * (1.12) ^x

    y (x) = 2400 * (1.12) ^x
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “an initial amount of 2,400 grows at a rate of 12% every month. Write an exponential equation for the amount y after x months ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers