Problem 89 of 7
Construct an exponential function for The amount of money in a savings account, initially 2000 dollars, increases by 2.5% each month.
Using a hint is okay. It just tells the trainer to give you a little more review.
Hidden until you reveal it.
convert percent change to base and write model.
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Context must provide initial value, percent change, and interval.
Enter your answer
Your answer is equivalent to the expected form.
Walkthrough
Full solution stays hidden until you ask for it.
1. Convert percent increase or decrease to a base.
2. Use the starting amount as the coefficient.
3. Write the exponential model with the interval variable.
Use the worked steps, then substitute the final answer back into the original relationship to confirm it satisfies the prompt.
Adding the percent as a constant rate.