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OpenStudy (anonymous):
Given an exponential function for compounding interest, A(x) = P(1.04)x, what is the rate of change? 0.04% 1.04% 104% 4%
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jimthompson5910 (jim_thompson5910):
hint: 1.04 = 1 + 0.04
OpenStudy (anonymous):
So it would be 1.04%? @jim_thompson5910
jimthompson5910 (jim_thompson5910):
another hint: compare 1+0.04 to 1+r what is r?
OpenStudy (anonymous):
1.04?
jimthompson5910 (jim_thompson5910):
no
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OpenStudy (anonymous):
I'm really bad at Algebra... I'm sorry :(
jimthompson5910 (jim_thompson5910):
|dw:1435364583651:dw|
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