Jacob deposits $60 into an investment account with an interest rate of 4%, compounded annually. the equation, y = 60(1 + 0.04)x, can be used to determine the number of years, x, it takes for jacob's balance to reach a certain amount of money, y. jacob graphs the relationship between time and money. what is the y-intercept of jacob's graph? what is the equation of the asymptote? if jacob doesn't deposit any additional money into the account, how much money will he have in eight years? round your answer to the nearest cent.

The given expression is

This exponential function models the situation here. Where is time and is money in dollars.

Now, to find the y-intercept, we just need to find the value asigned for

So, this result menas that the initial condition is 60, that is, Jacob began with $60.

On the other hand, asymptotes refers to function restrictions in its domain or range. In this case, the only restriction is in the range, because an exponential function doesn't have valid negative values, because a power always gives a positive result. So, the equation of its asymptote in this case must be

which is the x-axis.

Actually, the range of the function is because it cannot be equal to zero, due to the characteristics of powers, their minimum result is 1.

Lastly, if Jacob doesn't deposit any additional money, after eight years he will have (

Therefore, he would have around $82.11.

answer: 26

step-by-step explanation:

well, michelle wanted to measure the height of her school's flagpole she placed a mirror on the ground 48 feet from the flagpole then walk backwards until she was able to see the top of the pole in the mirror her eyes were 5 feet above the ground and she was 12 ft from the mirror using similar triangles find the height of the flagpole to the nearest tenth of a foot find the geometric mean of them pair of numbers. its easy math