algebra II the revenue at a local restaurant increased by 4.2% over the previous year. if this trend continues, which expression shows their?
month percent increase in revenue? R(m) is the revenue and m represents months. a. R(m)=(1.042)^m b. R(m)=(1.042)^12/m c. R(m)=(1.00343)^m/12 d. R(m)=(1.00343)^m
Wayne DeguMan2020-11-13T10:34:21Z
An increase of 4.2% per year in revenue can be expressed as:
so you're 1st statement means R(y) = (1.042)^(y) since y = (m/12) then R(m) = (1.042)^(m/12) since that is not an option we go forward However, we know that answers "a" and "b" are wrong unless you made a typo so either (1 + 0.00343)^(m/12) = (1.042)^(m/12) (1.00343)^(m/12) = (1.042)^(m/12) but that means 1.00343 = 1.042 but it doesn't so by process of elimination
d. R(m)=(1.00343)^m is correct
why is that correct? take (1,042)^(m/12) = (1.042^(1/12))^(m) (1.042^(1/12) ) ^m = (1.00343)^m