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The function y= 15.35 (1.0279)^t represents the value y(in dollars) of a share of stock after t days. Identify the initial amount and determine the growth or decay rate.

The Function Y 1535 10279t Represents The Value Yin Dollars Of A Share Of Stock After T Days Identify The Initial Amount And Determine The Growth Or Decay Rate class=

Answer :

Sqdancefango

9514 1404 393

Answer:

  • initial amount: $15.35
  • growth: 2.79% per day

Step-by-step explanation:

The coefficient is the initial amount: $15.35.

The growth factor is the base of the exponential term: 1.0279. The growth rate is 1 less than this: 1.0279 -1 = 0.0279 = 2.79%. It is positive, so represents a growth of 2.79% per day.

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