An initial investment of $60.00 increases in value by 15% each year. Which of the following statements are true? Select all that apply.

This function can be represented by the quadratic equation f (x) = 0.15 (x+60) ^2

This situation can be represented by the exponential function f (x) = 60 x 1.15^x

This function has no x-intercept

After 4 years the value of the investment will be $120.00

After 6 years the value of the investment will be $653.00

After 7.86 years the value of the investment will be 3 times the initial value

After 8 years the value of the investment will be $184.00

Question

Nash Wall

Mathematics

3 September, 22:24

An initial investment of $60.00 increases in value by 15% each year. Which of the following statements are true? Select all that apply.

This function can be represented by the quadratic equation f (x) = 0.15 (x+60) ^2

This situation can be represented by the exponential function f (x) = 60 x 1.15^x

This function has no x-intercept

After 4 years the value of the investment will be $120.00

After 6 years the value of the investment will be $653.00

After 7.86 years the value of the investment will be 3 times the initial value

After 8 years the value of the investment will be $184.00

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Answers (1)

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Marie Grimes · Answer 1

This function canbe represented by the quadratic equation f (x) = 0.15 (x+60) ^2; This situation can be represented by the exponential function f (x) = 60 x 1.15^x; After 7.86 years the value of the investment will be 3 times the initial value.