An initial investment of $60.00 increases in value by 15% each year. which of the following statements are true? select all that apply.

select answers;
this function can be represented by the quadratic equation f(x)=0.15(x+60)^2
this situation can be represented by the exponential function f(x)=60 x 1.15^x
this function has no x-intercept
after 4 years the value of the investment will be $120.00
after 6 years the value of the investment will be $653.00
after 7.86 years the value of the investment will be 3 times the initial value
after 8 years the value of the investment will be $184.00

The function can be represented by the exponential function :

This function has no x-intercept .

After 7.86 years the value of the investment will be 3 times the initial value  .

After 8 years the value of the investment will be $184.00.

Step-by-step explanation:

The exponential growth function is given by :-

, where A is the initial value , r is the rate of growth and x is the time period.

Given: A = $60

r=15%=0.15

Now, the function can be represented by the exponential function :

We know that exponential function has no intercept , thus this function has no intercept.

∴

Now, at x=4

Now, at x=6

Now, at x=7.86

∴ After 7.86 years the value of the investment will be 3 times the initial value

Now, at x=8

the answer is the third / last answer

step-by-step explanation: