Question

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

Answer 1

4.5%

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%