Question

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

Answer 1

find
\[(1.007207)^{12}\]

Answer 2

We have to convert to percentage

Answer 3

ok

Answer 4

did you find \[(1.007207)^{12}\]?

Answer 5

My choices are 1%, 9%, 5%, 12%

Answer 6

ok
did you find \[(1.007207)^{12}\]?

Answer 7

Yes

Answer 8

what did you get?

Answer 9

12.086484

Answer 10

not even close

Answer 11

What im doing wrong

Answer 12

Help