Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation, y = 60(1 + 0.04)x, can be used to determine the number of years, x, it takes for Jacob's balance to reach a certain amount of money, y. Jacob graphs the relationship between time and money.
What is the equation of the asymptote?

Question

Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. The equation, y = 60(1 + 0.04)x, can be used to determine the number of years, x, it takes for Jacob's balance to reach a certain amount of money, y. Jacob graphs the relationship between time and money.
What is the equation of the asymptote?

anonymous · Answer

I graphed this but I don't know how to get a asymptote

anonymous · Answer

My problem @mossyfish  would be awesome if you could help

anonymous · Answer

I barely understand what a asymptote is let alone how to find a equation

anonymous · Answer

The asymptote is where it gets really close to the graph but doesn't touch it

anonymous · Answer

so how would I find the equation?

anonymous · Answer

Well, let's look at this equation.  The leading coefficient is 1.  So, I'm pretty sure that the asymptote would be = 1.  I'm not very good at this kind of math, though :-/ I can definitely help graph, but seems like you have that part down

anonymous · Answer

yeah I hate this unit Its half graphing half factoring and then half of the asymptote crap

anonymous · Answer

Are you in trig?  We were doing this kind of stuff earlier, it's awful.

anonymous · Answer

no I am in algebra 2 and it sucks This unit was the death of my grade

anonymous · Answer

Oh, I'm good at a lot of algebra stuff-just not this...this is evil stuff.  I'm sorry that I couldn't help you very much! :(

anonymous · Answer

Actually wolfram has an asymptote calculator! Check it out http://www.wolframalpha.com/widgets/view.jsp?id=21344fc46140bef0640b08781cbb4daf

anonymous · Answer

Uggggg