Question

The price of gold has increased by 35% per year from 2000. In the year 2000, Harry bought a gold ring for $590. Which of the following equations can be used to represent the price of the ring x years after 2000?

Answer 1

Answer:

Convert the rate into decimal

Convert the rate into decimal 35%=35/100=0.35

Convert the rate into decimal 35%=35/100=0.35Since the price of gold has increased by 35% per year so it's growth function which is

Convert the rate into decimal 35%=35/100=0.35Since the price of gold has increased by 35% per year so it's growth function which isF(x) = 590(1.35)^x