Write an exponential growth or decay function to model the situation a. Initial Value: 50, growth factor: 1.15
b. Initial Value: 200, decay factor:.85

y=sec x is the correct answer

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(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.

134.6 us dollars

step-by-step explanation:

1 us dollar = 1.33 canadian dollars

so, 150 us dollars = 150 × 1.33 = $199.5.

in canada, the money mitchell spent = 20 canadian dollars.

remaining canadian dollars with him = 199.5 - 20 = 179.5.

after mitchell returned to us, he exchanged the remaining canadian dollars to us dollars.

179.5 canadian dollars = 179.5 × 0.75 = 134.6 us dollars.