SOLUTION: Describe an investment that could be represented by the function f(x)=1200(1.065)^x. I'm wondering if they're asking to solve for x or something else? I'm assuming the rate is

Question 314634: Describe an investment that could be represented by the function f(x)=1200(1.065)^x.
I'm wondering if they're asking to solve for x or something else? I'm assuming the rate is 1-1.065= 0.065 which means the rate is 6.5% and the principle is P=1200.
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
The problem simply asks for you to describe the equation in words:
An investment of $1200 is made with an expected return of 6.5% per annum.
Here
f(x)=1200(1.065)^x
f(x) is the return on investment (plus prinicple) based on x years.

RELATED QUESTIONS
Can you please hep me answer these questions please I don't understand them I am horrible (answered by richard1234)

Can you help me with this question please? How many years will it take $5000 to grow... (answered by jim_thompson5910)

hello, so I've tried to type this as clearly as I could. I have this fill in the blank... (answered by Theo)

what type of situation could be represented by the function f(x)=2(.94)^x (answered by fractalier)

Please help! I have to find the following: f+g f-g fg f/g f(x)= 6-1/x g(x)= (answered by MathLover1)

Describe a real-world situation that could be represented by the absolute value equations (answered by josgarithmetic,MathTherapy)

Describe the end behavior of the functions? I have two functions: f(x)=-x^5+3x^3-2 and (answered by Edwin McCravy)

Hi, I was wondering if someone would be able to help me with the following question. If... (answered by stanbon)

Good evening, My question really involves function operations and I was wondering if... (answered by josgarithmetic,stanbon)