Question

Will Give Medal !!!!!

The function f(x) = (1.010979)^(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?

1%

8%

12%

14%

Answer 1

i think its 14% percent But can i get confirmation

Answer 2

@Michele_Laino
@dan815

Answer 3

1.010979^12=?

Answer 4

1.14

Answer 5

So yes it is a 14% rate of growth