Victoria has some money from her birthday and the amount is modeled by the function h(x) = 200. She read about a bank that has savings accounts that accrue interest according to the function s(x) = (1.05)x − 1. Victoria is thinking about putting her money into the savings account to gain interest. Using complete sentences, explain to Victoria how she can combine her functions to create a new function, and explain what this new function means.
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I think that the functions should combine to be 200(1.05)^(x-1) ? @ganeshie8
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That's good enough for me lol, thank you!
Oh wait! Ignore that.
Interest gained for a particular period equals to Money invested (kept) in Savings account for that period multiplied by Interest accrued on this money.
Therefore, Accrued interest i(x) = h(x) * s(x) = 200 * [ (1.05)x - 1 ],
where x is the number of years for which money is invested.
So, new function i(x) = (210)x - 200 .
I'm driving myself insane. I accidentally mistyped. That 210 should be 200.
I just wanted to write it out more intellignetly