Roberta invested $600 $ 600 into a mutual fund that paid 4% 4 % interest each year compounded annually. Write an exponential function of the form =() y = a ( b ) x to describe the value of the mutual fund then use that function to determine the value of the mutual fund in 15 15 years.

600 X (1.04)^15

$1080.57

Step-by-step explanation:

The formula for calculating future value:

FV = P (1 + r) n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

600 X (1.04)^15  = $1080.57

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?