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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

Relevance
  • 5 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

    :)>

  • Alan
    Lv 7
    5 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

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