Question

Suppose the amount of money in a bank account with an initial balance of $4,000 earns 1.3 percent interest per year. If the exponential function, , is used to model this situation, which value would represent B in the function?



4,000


1.13


1.013


1.3

Answer 1

@ganeshie8

Answer 2

Looks the exponential function has gone while copy pasting

Answer 3

oh its y=A * B^x

Answer 4

Thanks!

what is 1.3% in decimal form ?

Answer 5

1.3

Answer 6

Nope, you need to divide by 100 remember

Answer 7

no wait. 0.013

Answer 8

Yes!

Answer 9

B = 1 + 0.013 = ?

Answer 10

1.013

Answer 11

so option c is my answer?

Answer 12

Yep!

Answer 13

Thanks!