Example 2
- Author:
- Walch Education
- Topic:
- Algebra
Julissa invests $2400 in a savings account that offers 5.4% interest compounded monthly. Julissa wrote an exponential function to represent the amount of money in her savings account. Julissa’s function is , where t represents time in years. What are the key characteristics of the graph, based on the function? How would the graph change if the interest was 2%?
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