Respuesta :
We have to choose which statement is correct. Initial investment is $60.00 and it increases by 15 % each year. It means that it increases 1.15 times each year. Therefore this situation can be represented by the exponential function, which has no x intercept. The function is: f ( x ) = 60 * 1.15^x, where x represents years. For x = 6: f ( x ) =60 * 1.15^6 = 138. For x = 7.68 : f ( x ) = 60 * 1.15^7.68 = 180 . For x = 8 : f ( x ) = 60 * 1.15^8 = 183.54 ( rounded to the nearest dollar: 184 ). Answers: B ) This situation can be represented by the exponential function: f ( x ) = 60 * 1.15^x. C ) This function has no x intercept. F ) After 7.86 years the value of the investment will be 3 times the initial value. G ) After 8 years the value of the investment will be $184.
