Question

Suppose the expression a(b)n models the approximate number of customers who applied for a credit card every month since a bank opened, where a is the initial number of customers who applied, b is the rate of increase in the number of people who applied every month, and n is the number of months since the bank opened.

If the expression below models the number of applicants for a credit card, what is the correct interpretation of the second factor?

Answer 1

Option A

Explanation:

for plato

Answer 2

We have the following exponential equation:
y = A (b) ^ n
Defined the following variables:
A: is the initial number of customers who applied
b: is the rate of increase in the number of people who applied every month
n: is the number of months since the bank opened
Substituting values we have:
y = 27 (1.2) ^ 4
y = 27 * 2.07
Answer:
There are 2.07 more people in month 4 than in month 1
option 3