SOLUTION: Which function is increasing more quickly? y=300(1.05)^x and y=300(1.15)^x

Question 1157468: Which function is increasing more quickly?
y=300(1.05)^x and y=300(1.15)^x

Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.


First function says that the money at your account increase every year by the factor 1.05.


The second function says that the money at your account increase every year by the factor 1.15.


Is the answer clear to you now ?

-------------
Comment from student: So the one that is increasing more quickly would be 1.15
-------------

My response : Sure.

Absolutely correct (!)

RELATED QUESTIONS
Which function is decreasing more quickly? y=0.4^x and... (answered by ikleyn)

Graph the function y=x^2 -6x+1 A. State the domain over which the function is... (answered by ewatrrr)

For which intervals is the following function increasing or decreasing?... (answered by stanbon)

Is this function always increasing, decreasing, or remaining constant? y = 0(-x + 1) (answered by jim_thompson5910)

A quadratic function and an exponential function are graphed below. Which graph most... (answered by richard1234)

(4 points) The joint probability mass function of X and Y is given by p(1,1)=0.45... (answered by Boreal)

Graph: f(x)= -|x-1|+4 and determine the interval over which f(x) is an increasing... (answered by jim_thompson5910)

Q- f(x)=3x^4-8x^3+6x^2+1 Show that f ′(x) = 12x (x-1)2 Find the intervals on... (answered by Fombitz)

Identify intervals on which the function is increasing, decreasing, or constant. g(x) (answered by josgarithmetic,JThomson,greenestamps)