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%

Answer 1

@phi

Answer 2

@Chineseboy15

Answer 3

we can cancel out 12%...

Answer 4

Yeah

Answer 5

I'm really stuck on this question

Answer 6

Me too...

Answer 7

Sorry, I do not understand this question. And it is too late in China. If you have time, can you wait me until several hours later and I can tell you the answer?

Answer 8

lol :p

Answer 9

How about you, greenlegodude57?

Answer 10

Um, okay

Answer 11

Thank you!

Answer 12

@phi

Answer 13

Usually he helps me out

Answer 14

But I think he's afk :l

Answer 15

@Hero @hartnn @hba please help this person please.

Answer 16

@ganeshie8

Answer 17

GL.

Answer 18

Thanks :)

Answer 19

I found out the answer!

Answer 20

what is it?

Answer 21

We were MULTIPLYING the 12. But the 12 is an exponent (f(x) = (1.007207)^12x). We were supposed to raise 1.007207 to the twelfth power. So the answer is 1%.

Answer 22

Ohhh lol!!! im an idiot!!!

Answer 23

Why did i not see the ^!!!

Answer 24

LOL

Answer 25

Yeah I forgot about it too. Don't worry we're both idiots.

Answer 26

well thank you for helping me understand...

Answer 27

I think you understood the question. I am glad to know that.