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Which of the following scenarios matches the function f(x) = 500(1.04)x?  

1.The cost of 500 bumper stickers that cost $1.04 each

2.The total amount of money on a $500 investment with a 4% annual interest

3. The number of rabbits bred each year at a growth rate of 104%

4.The amount paid in sales tax on a $500 stereo in a state with 4% sales tax

 Mar 10, 2016
 #1
avatar+129933 
0

Well...if the x is an exponent thusly  :   500(1.04)^x

 

Then, 2 would seem reasonable  [ the total amount of money after x years on a $500 investment paying 4% annual interest ]

 

 

 

cool cool cool

 Mar 11, 2016
 #2
avatar+2592 
+5

But if not than probably 1

 Mar 11, 2016

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