Question

Need ASAP Now!! please help with answer!

Answer 1

y = 1.09^t * 1500

Explanation:

After each year, the balance(y) is multiplied by 1635/1500 or 1.09.

From this information, we know that y = 1.09^t * 1500

Answer 2

`y = 1500 * 1.09^t`

Explanation:

`\text{It should be clear that the rate of change is non-linear}`
`\text{, meaning that we can express the function in the following manner}`

`\text{y = a * b^t, where a is the initial value and b is the rate of change and t is how}`
`y = a * b^t,`
`\text{where a is the initial value and b is the rate of change and t is how many years.}`

`\text{Well, year 0 is the rate of change so we can say that a = 1500}`

`\text{Next, we divide any two consecutive year balances to find our rate of change:}`

`1635/1500 = 1.09`

`\text{Therefore, our equation looks like this:}`

`y = 1500 * 1.09^t`