The profit for a company this year was $100,000. Each year the profit increases at a rate of 1.2% per year. Which function shows the company's profit as a function of time in years?
a. f(t) = 100,000 0.012^t
b. f(t) = 100,000(1 + 1.2)^t
c. f(t) = 100,000(1 + 0.012)^t
d. f(t) = 100,000 - 1.2^t

Given:

Initial profit = $100,000

Increasing rate of profit = 1.2%

To find:

The function that shows the company's profit as a function of time in years.

Solution:

The exponential growth model is defined as:

Where, a is the initial value, b is the growth rate and t is the time period.

Putting a=100,000 and r=0.012, we get

Where, t is the number of years.

Therefore, the correct option is c.

a) y = -3x +2

b) y = 1/2x -6

these 2 can be combined into one equation.

-3x +2 = .5x -6

8 = 3.5x

x = 8 / 3.5 = 2.2857142857

y = -3 * (8 / 3.5) +2

y = (-24 / 3.5) + 2

y = -4.8571428571

step-by-step explanation: