document.write( "Question 1179867: Topic: Financial Mathematics \r
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document.write( "Is my answer correct? I want to check my answer.\r
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document.write( "A park started with 12 oak trees, and the number of oak trees increased at a rate of 25% each year. Write the function that models the situation, substituting numerical values for A and r into the expression.\r
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document.write( "The answer is provided in the link here: https://i.imgur.com/6pzwmKp.png \n" );
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Algebra.Com's Answer #809445 by Theo(13342)![]() ![]() You can put this solution on YOUR website! the growth rate per year is .25.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the general formula is f = p * (1 + r) ^ n\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "when p = 12 and r = .25, the formula becomes f = 12 * (1 + .25) ^ n\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "it looks like they're using A for f.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "it's not clear what they're using for n.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the fo0rmula becomes A = 12 * (1 + .25) ^ n\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".25 = 25/100, so the formula can also be shown at A = 12 * (1 + 25/100) ^ n\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "for example:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "when n = 3, the formula becomes \n" ); document.write( "A = 12 * (1 + .25) ^ 3 = 12 * 1.953125 = 23.4375.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "(1 + .25) ^ 3 means (1 + .25) raised to the third power.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |