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The expression below represents the number of transactions of a hardware supply store over a period of time. 1,095(1.13)^4 what does the first factor represent in the context of the situation

User Tomloprod
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2 Answers

3 votes

Answer:

The initial number of transactions was 1,095.

Explanation:

User Ilkka
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3 votes

Answer:

The 1095 represents the amount of transactions already processed.

Explanation:

Since this equation is showing us the number of transactions added over time, we know that in A = P(1 + r)^t,

A is the total amount

P is the starting amount

r is the rate

t is the time

So, our 1095 matches with P, and is the starting amount of transactions.

User Yuwen
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