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Andrea invested $3,000 in an online currency. If the value of the currency increases at a rate of 14% per year, the situation c...Asked by bic
Andrea invested $3,000 in an online currency. If the value of the currency increases at a rate of 14% per year, the situation can be modeled using the equation A(t)=3,000(1.14)t , where A is the amount in the investment after t years. In 3–5 sentences, identify the key features of the graph and interpret the meaning of the data.(2 points)
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The key features of the graph are the exponential growth pattern represented by the equation A(t)=3,000(1.14)t.
The initial investment amount is $3,000, which is represented by the vertical intercept of the graph.
The rate of increase is 14% per year, and this is represented by the exponential growth factor (1.14) in the equation.
The graph represents the amount in the investment (A) after t years.
Interpreting the data, we can see that the investment amount grows exponentially over time. For each year that passes, the value of the investment increases by 14%. This means that the investment has the potential to grow significantly over time.
The initial investment amount is $3,000, which is represented by the vertical intercept of the graph.
The rate of increase is 14% per year, and this is represented by the exponential growth factor (1.14) in the equation.
The graph represents the amount in the investment (A) after t years.
Interpreting the data, we can see that the investment amount grows exponentially over time. For each year that passes, the value of the investment increases by 14%. This means that the investment has the potential to grow significantly over time.
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