Answer:
--- function
The monthly rate is 10%
Explanation:
Given
Let

So, we have:
--- Monday
--- One month later
Required
The function
The function is represented as:
In
, we have:




In
, we have:


Substitute:


Solve for b


So, the function is:


To calculate the monthly rate (r), we have:

Compare to:


Make r the subject

Substitute



Express as percentage

