Question

A person’s retirement account of $30,000 earns 4% each year. Which value would represent the base of the exponential function that models this situation?



30,000


1.04


1.4


4

Answer 1

@imqwerty

Answer 2

@Directrix

Answer 3

The base part of the exponential function is ( 1 + r ) for one year compounding where r is the interest rate.

(1 + .04) = 1.04

Answer 4

oh ok. tysm

Answer 5

You are welcome.