aharris226 aharris226
  • 13-06-2021
  • Mathematics
contestada

Chet has $1200 invested in a bank account modeled by the function P(n) = 1200(1.002)

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azocher26
azocher26 azocher26
  • 13-06-2021

Answer:

Answer: 3) R(n) = 1200(1.002)n - 100n

Step-by-step explanation:

After n months, which function represents Chet’s net worth, R(n)?

(1) R(n) = 1200(1.002)n + 100n

(2) R(n) = 1200(1.002)12n + 100n

(3) R(n) = 1200(1.002)n - 100n

(4) R(n) = 1200(1.002)12n - 100n

Answer: 3) R(n) = 1200(1.002)n - 100n

Net worth is the amount of his savings minus his debt,

Everything in the problem is in terms of months, so there is no need to multiply the exponent by 12, which would convert n years into months.

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