Question

ONE HUNDRED POINT AND BRAINIEST FOR BEST CORRCET ANSWER! PLS HELP ASAP! Cami is comparing the growth rates in the value of two items in a collection. The value of a ring increases by 0.33% per month. write a function to represent the value of A of the necklace after t years, assuming the inital value of $1 then write an equivalent function with a power of 12t
A. which item is increasing in value at a faster rate?

B. What I sent the approximate annual growth of the ring? How does your result relate to your answer for part A?

Answer 1

Answer:

A) same rate

B) 12 becomes the power of the growth factor (1.0033)

Step-by-step explanation:

(1 + 0.33%)^(12t) is the value of ring after t years (or 12t months)

(1 + 0.33/100)^(12t)

(1.0033)^(12t)

Per year:

[(1.0033)¹²]^t