Answer:
Correct option: third one
f(x) = 86(1.02)7x; grows approximately at a rate of 2% daily
Explanation:
We can rewrite the equation using the model:
P = Po * (1 + r/n) ^ (nt)
Where P is the final value, Po is the inicial value, r is the rate, t is the time and n is the relation of the rate and the time (in our case, the rate is weekly and the time will be in days, so n = 7)
With P = f(x), Po = 86, r = 0.18 and t = x, we have:
f(x) = 86 * (1 + 0.18/7) ^ (7x)
f(x) = 86 * (1.02) ^ (7x)
So the daily rate of growth is approximately 2%
Correct option: third one