Mathematics, 07.04.2020 19:57 cxttiemsp021
Ian has a bank account that earns interest. The value, V, in dollars, of Ian's account after T years can be modeled by the exponential function V(t)=5000(1.025)t.
Ian claims that the value of his bank account grows by an equal factor each year. To prove his claim, which equation must he show to be true?
a) V(t+1)โV(t)=1.025
b) V(t)โV(t+1)=1.025
c) V(t+1)V(t)=1.025
d) V(t)V(t+1)=1.025
Answers: 2
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Ian has a bank account that earns interest. The value, V, in dollars, of Ian's account after T years...
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