Question

The function f(x) = (1.008735)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?

Answer 1

\[1.008735^{12x}\]?

Answer 2

Yeah.

Answer 3

I'm really confused on this. The answer choices are:
A; 11%
B; 12%
C; 13%
D; 14%

Answer 4

Alright google a scientific calculator or if you have a device with one use it do 1.008735^12 After you get that we will work on the percent

Answer 5

12.104?

Answer 6

?

Answer 7

no you multiplied it by 12 you have to raise it to the 12th power