answersLogoWhite

0


Best Answer

f(x)= mx+b for simple interest

t(n)= abx for compound interest

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What types of functions are used to model both types of simple interest and compound interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why a compound pendulum is called equivalent simple pendulum?

Compound pendulum is a physical pendulum whereas a simple pendulum is ideal pendulum. The difference is that in simple pendulum centre of mass and centre of oscillation are at the same distance.


Can you provide a simple comparison of a business plan vs a business model?

A business plan is an extensive plan the seeks funding; a business model is an operational business that functions in a cycle. Retailing is a business model. A plan for a new retail store is a business plan.


Compound Interest Model?

A=P(1+r/n)^nt. where P is the initial principal deposited in an account that pays interest at annual rate r(expressed as a decimal), compounded n times per year. the amount after t years.


Is a less expensive security monitor better for me when I don't need many functions?

For simple home security monitoring, a less expensive model will probably be effective for your intended use, if the use is simple home and property ground monitoring.


What does a compound model look like?

A compound model combines multiple simpler models to create a more complex and accurate predictive model. Each component model in the compound model contributes to the final prediction through a defined weighting or averaging mechanism. The compound model can improve prediction accuracy by leveraging the strengths of each individual model.


How do you make a simple piano model with cardboard and wood?

how to make a simple model piano out of cardboard


What are the duties for a model?

responsibilities for model are very simple, manage a schedule and model


2 Explain why navigation is simple in Relational Data Model than in Hierarchical?

Explain why nevigation is simple relational data model than in hirarchical model


How could you make a simple model of the water cycle?

A simple model involves using thermocol. Drawing water cycle on its surface.


HTTP functions at what layer of the osi model?

7 - application


How does a compounds formula differ from a model?

A compound's formula represents the types and number of atoms in a molecule, while a model visually shows how the atoms are arranged in three-dimensional space. The formula is a symbolic representation, while the model is a physical or digital representation.


Simple circular flow model shows that?

A simple circular flow model shows the flow of goods and services through the economy. It is basically a model that shows supply and demand in an economy.