Question

MEDAL!!!!!!!!!!
Tommy has $350 of his graduation gift money saved at home, and the amount is modeled by the function h(x) = 350. He reads about a bank that has savings accounts that accrue interest according to the function s(x) = (1.04)^x − 1. After combining the two functions, his new function is g(x) = 350(1.04)^x − 1. Using complete sentences, explain what this new function means

Answer 1

hello hamza

Answer 2

can you guess what the first step would be?

Answer 3

Okay, I will assume you understand the first function. Do you know what the second function means

Answer 4

?

Answer 5

no

Answer 6

that is the question bascially

Answer 7

The equation for exponential growth is\[y = initial(1 + rate)^{time}\]Maybe that will help you understand a bit better

Answer 8

does the new function means that it used exponential growth

Answer 9

yes

Answer 10

ok is that the answer