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Hello guys, plz help me with this question ASAP! Its about exponential function. Plz answer if you know the answer, THANK YOU SO MUCH ☺️

Hello guys plz help me with this question ASAP Its about exponential function Plz answer if you know the answer THANK YOU SO MUCH class=

Respuesta :

Answer:

4.5%

Step-by-step explanation:

Equation that models this:

M(t) = 1000 * (1 + INTEREST)^t

Plugging in t= 10 years, gives

1553 = 1000 (1+interest)^10

solving for interest gives: 0.045 which is 4.5%