Question

A person’s retirement account of $30,000 earns 4% each year. Which value would represent the base of the exponential function that models this situation?



Answer
30,000

1.04

1.4

4

Answer 1

suppose i have 100 dollars and rate of interest is 4 per cent. how much money would I have next year?

Answer 2

140?

Answer 3

really?

Answer 4

yes

Answer 5

4 per cent means 4 per century which means 4 per hundred.
it means you make 4 dollars every 100 dollars every year.

Answer 6

oh thanks i understand now

Answer 7

% is called percent because it is literally per-cent or per hundred

Answer 8

oh thank you so much

Answer 9

Cent (currency)
From Wikipedia, the free encyclopedia


A United States cent, also known as a penny.
In many national currencies, the cent is a monetary unit that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin word "centum" meaning hundred. Cent also refers to a coin which is worth one cent.

Answer 10

tahnks