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Which of the following statements about the general exponential equation y = 600 (1.05)t is true?...

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Basic Math

Which of the following statements about the general exponentialequation y = 600 (1.05)t is true? (Assume t is time in years, witht = 0 in 1950.) Check all that apply.

A)After 1950, each year the y-value is 1.05 times greater thanthe previous year.

B)The initial amount of 600 is increasing at a rate of 1.05%each year after 1950.

C)When t = 1, y is 105% of its original value, 600.

D)The initial amount of 600 is increasing at a rate of 5% eachyear after 1950.

Answer & Explanation Solved by verified expert
4.2 Ratings (587 Votes)
The General eaponential equation y 600105tThis is actually the reducing balance method to calculate thefinal value of an asset appreciateddepreciated at a certain rateover a period of time The equation isA P1 r100t where we use r if there is an increase invalue and r if there is a    See Answer
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