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7 September, 17:49

Given an exponential function for compounding interest, A (x) = P (.82) ^x, what is the rate of change?

a. - 18%

b. - 8%

c. 0.82%

d. 82%

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Answers (2)
  1. 7 September, 17:56
    0
    It is a. This is because to find rate we subtrat the rate in this case is. 82 or 82% - 1 or 100% and that would give you the rate in this case its decreasing by an 18%
  2. 7 September, 18:11
    0
    It is a. This is because to find rate we subtrat the rate in this case is. 82 or 82% - 1 or 100% and that would give you the rate in this case its decreasing by an 18%
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