Question

Question 4 (Essay Worth 10 points) (07.02) Tommy has $350 of his graduation gift money saved at home, and the amount is modeled by the function h(x) = 350. He reads about a bank that has savings accounts that accrue interest according to the function xx) = (1.04)X-1. Explain how Tommy can combine the two functions to model the total amount of money he will have in his bank account as interest accrues after he deposits his $350. Justify your reasoning.​

Answer 1

is it g(x) = 350(1.04)x − 1

or is it this- > g(x) = 350[(1.04)x − 1]

Explanation:

well 350 is the initial quantity and we can write the expression like this- g(x)=350(1+0.4)x−1 so here g(x) is the amount received after x years 350 is the original amount 0.4 corresponds to rate of increment