The function f(x) = (1.007207)^12x models the monthly interest that a bank offers to Dan after x years. Dan converts the function to have x isolated in the exponent. What is the approximate rate of growth?

1%

5%

9%

12%

Question

The function f(x) = (1.007207)^12x models the monthly interest that a bank offers to Dan after x years. Dan converts the function to have x isolated in the exponent. What is the approximate rate of growth?

1%

5%

9%

12%

anonymous · Answer

@phi

anonymous · Answer

I don't understand it

undeadknight26 · Answer

lol i had this question...let me see the test....

anonymous · Answer

Okay :)

undeadknight26 · Answer

what module was this???  r u in OCVS?

anonymous · Answer

The decimals might not be the same but it doesn't 'really matter . . .

anonymous · Answer

It's in Module 4 . . .

undeadknight26 · Answer

Well i can't find it but its just:
1.007207 x 12 = ???

anonymous · Answer

Last time I picked 12% and I got it wrong

undeadknight26 · Answer

lol...

undeadknight26 · Answer

was this a test or a assignment?

anonymous · Answer

But my lesson says I can put the exponent in the parenthesis and multiply it . . .

anonymous · Answer

Test

undeadknight26 · Answer

hmm i picked 12...but im not sure...do what it tells you to do in the lesson...

anonymous · Answer

Um, ok

anonymous · Answer

@greenlegodude57 did you get this question correct?