How can you develop exponential models to represent and interpret situations?

Armorikam

Armorikam

Answered question

2021-06-03

How can you develop exponential models to represent and interpret situations?

Answer & Explanation

diskusje5

diskusje5

Skilled2021-06-04Added 82 answers

We may represent and evaluate circumstances using three different exponential models.
The generic exponential model is the first model. It is represented in algebra as follows: y=abx,a=0 
And if b > 1, it is an exponential growth model; nevertheless, if b 0, it is an exponential decay model.
The second model is the algebraic representation of compound interest, which is: A=P(1+(ru))nt
Where n is the number of compounding periods each year, r is the annual intersect rate expressed as a decimal, P is the initial principle invested, and A is the account value after t years.
The third model is continuously compounded interest, which is represented algebraically.
A=Pert
Where A is the account's value after t years, P is the initial investment's principle, e is the account's natural base, and r is the yearly interest rate expressed as a decimal.

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