Question
An initial investment of $60.00 increases in value by 15% each year. Which of the following statements are true? Select all that apply. Round your answers to the nearest dollar.
A. his situation can be represented by the quadratic function f(x) = 0.15(x+60)^2.
B. This situation can be represented by the exponential function f(x) = 60*1.15^x.
C. This function has no x-intercept.
D. After 4 years, the value of the investment will be $120.00.
E. After 6 years, the value of the investment will be $653.00.
F. After 7.86 years, the value of the investment will be about 3 times the initial value.
G. After 8 years, the value of the investment will be $184.00.
A. his situation can be represented by the quadratic function f(x) = 0.15(x+60)^2.
B. This situation can be represented by the exponential function f(x) = 60*1.15^x.
C. This function has no x-intercept.
D. After 4 years, the value of the investment will be $120.00.
E. After 6 years, the value of the investment will be $653.00.
F. After 7.86 years, the value of the investment will be about 3 times the initial value.
G. After 8 years, the value of the investment will be $184.00.
Answers
GPT 3.5
The correct statements are:
B. This situation can be represented by the exponential function f(x) = 60*1.15^x.
D. After 4 years, the value of the investment will be $120.00.
E. After 6 years, the value of the investment will be $653.00.
F. After 7.86 years, the value of the investment will be about 3 times the initial value.
B. This situation can be represented by the exponential function f(x) = 60*1.15^x.
D. After 4 years, the value of the investment will be $120.00.
E. After 6 years, the value of the investment will be $653.00.
F. After 7.86 years, the value of the investment will be about 3 times the initial value.