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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
2 Answers
- Wayne DeguManLv 75 months ago
An increase of 4.2% per year in revenue can be expressed as:
R(year) = 1.042
so, monthly this is (1.042)¹/¹² => 1.003434379
Hence, over m months we can say:
R(m) = (1.00343)ᵐ
:)>
- AlanLv 75 months ago
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