You invest $4000 for five years in the interest rate is 4.29% each year what is the exponential equation

The exponential equation is for the above mentioned condition can be given as A = 4000

Step-by-step explanation:

Given:

The amount that has to be invested $4000. So we can consider that as principle amount,So

Principle amount = $4000

Rate = 4.29%

To Find:

Frame Exponential equation

Solution:

So we can express the amount in the equation form as:

                                            A = P

                                            A = 4000

Where, n= number of times interest rate is compounded per unit year.

Thus the resultant equation thus obtained is                                                                         A = 4000  

the solution is x=1

step-by-step explanation:

we are given our   equation as

let's assume

left side function is

right side function is

now, we can draw graph

and then we can get intersection point

the intersection point will be solution

so, the solution is

x=1