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 s (x) = (1.04) x - 1. After combining the two functions, his new function is g (x) = 350 (1.04) x - 1. Using complete sentences, explain what this new function means.

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Mathematics

Sharon Fleming

7 March, 02:43

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 s (x) = (1.04) x - 1. After combining the two functions, his new function is g (x) = 350 (1.04) x - 1. Using complete sentences, explain what this new function means.

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Angeline · Answer 1

G is the total amount of money that he has in the bank, x is the time spent for the money in the bank, therefore the complete function means that 350 (1.04) will grow as time goes by (x), and an initial loss of 1.