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12 September, 23:26

Using technology, we determined that Mary's investment account can be modeled by the function, M (x) = 3.03 (2.18) x in thousands of dollars. What was Mary's initial investment?

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  1. 13 September, 01:34
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    Assuming

    M (x) = 3.03 (2.18) ^x [i. e. the x is an exponent of 2.18].

    In this exponential function, 3.03 is the initial value, and 2.18 is the base of exponentiation.

    At time x=0, 2.18^0=1, so the function M (0) = 3.03 [=initial value].

    Therefore Mary's initial investment is 3.03.
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