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Kale Eichmann

Feb 20, 2025

Neeed given an exponential function for compounding interest, a(x) = p(.82)x, what is the rate of change?

Neeed given an exponential function for compounding interest, a(x) = p(.82)x, what is the rate of change?
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For the answer to the question above, it is -18% because to find rate we subtract the rate, in this case, is .82 or 82% - 1 or 100% and that would give you the rate, in this case, its decreasing by an 18%I hope my answer helped you.... Show More
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M
The rate of interest is 18%.Step-by-step explanation:The exponential function for the compound interest is That is, As we know,The compound interest is given by , where r = rate of interest.On comparing, we get that,The rate of interest is 0.18 i.e. 18%.Hence, the rate of interest is 18%.... Show More
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M
We are given the exponential function expressed as A(x) = P(.82)x  and is asked in the problem the rate of change of the expression. In this case, the rate of change is 0.82 which is equal to 82 % in percentage. The answer hence to this problem is D. 82 %... Show More
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