ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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300
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1.16
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.16
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x
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Detailed explanation-1: -Because b = 1.16 is greater than 1, it indicates exponential growth.
Detailed explanation-2: -The first duration of a Contract (the Term) following its Execution, after which the Contract will either Terminate or Renew. This will be done either automatically unless Notice is given, or by agreement.
Detailed explanation-3: -An exponential function is a Mathematical function in the form f (x) = ax, where “x” is a variable and “a” is a constant which is called the base of the function and it should be greater than 0. The most commonly used exponential function base is the transcendental number e, which is approximately equal to 2.71828.
Detailed explanation-4: -In an exponential function of the form f(x) = a*b^x, the initial value is usually taken to be the value of f(0), or “a".
Detailed explanation-5: -Exponential functions have the form f(x) = bx, where b > 0 and b ≠ 1. Just as in any exponential expression, b is called the base and x is called the exponent. An example of an exponential function is the growth of bacteria.