Questions: The assets (in billons of dollars) for a financial firm can be approximated by the function A(x)=348 e^044 x, where x=7 corresponds to the year 2007. Find the assets in each of the following years: (a) 2012 (b) 2012 (c) 2017 (a) Which of the following describes how to find the assets in 2012 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the assets in 2012, substitute for x and evaluate to find A(x). B. To find the assets in 2012, find the intersection point of the graphs y=348 e^94 t r and y=. The assets in 2012 are represented by the y-coordinate.

The assets (in billons of dollars) for a financial firm can be approximated by the function A(x)=348 e^044 x, where x=7 corresponds to the year 2007. Find the assets in each of the following years: (a) 2012 (b) 2012 (c) 2017 (a) Which of the following describes how to find the assets in 2012 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the assets in 2012, substitute for x and evaluate to find A(x). B. To find the assets in 2012, find the intersection point of the graphs y=348 e^94 t r and y=. The assets in 2012 are represented by the y-coordinate.
Transcript text: The assets (in billons of dollars) for a financial firm can be approximated by the function $\mathrm{A}(\mathrm{x})=348 \mathrm{e}^{044 x}$, where $\mathrm{x}=7$ corresponds to the year 2007. Find the assets in each of the following ye (a) 2012 (b) 2012 (c) 2017 (a) Which of the following describes how to find the assets in 2012 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the assets in 2012 , substitute $\square$ for x and evaluate to find $\mathrm{A}(\mathrm{x})$. B. To find the assets in 2012 , find the intersection point of the graphs $y=348 e^{94 t r}$ and $y=\square$. The assets in 2012 are represented by the y-coordinate.
failed

Solution

failed
failed

Solution Steps

Solution Approach

To find the assets in a given year using the function \( A(x) = 348e^{0.044x} \), we need to determine the value of \( x \) for each year. Since \( x = 7 \) corresponds to the year 2007, we can calculate \( x \) for any other year by subtracting 2007 from that year. Then, substitute this \( x \) value into the function and evaluate it to find the assets.

Step 1: Determine \( x \) for Each Year

To find the assets for the years 2012 and 2017, we first calculate the corresponding values of \( x \):

  • For 2012: \( x = 2012 - 2007 = 5 \)
  • For 2017: \( x = 2017 - 2007 = 10 \)
Step 2: Calculate Assets Using the Function

Next, we substitute the values of \( x \) into the asset function \( A(x) = 348e^{0.044x} \):

  • For 2012: \[ A(5) = 348e^{0.044 \cdot 5} \approx 433.6347 \]
  • For 2017: \[ A(10) = 348e^{0.044 \cdot 10} \approx 540.3421 \]

Final Answer

The assets in billions of dollars for the years are:

  • For 2012: \( \boxed{433.6347} \)
  • For 2017: \( \boxed{540.3421} \)
Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
- LookingGlass Smart Book - Connect Readi learning.mheducation.com/static/awd/index.html?t=172998005627 Mc Graw Hill 62 of 70 Concepts com Multiple Choice Question What is the most common and deadly form of bone cancer? Osteomalacia Osteomyelitis Osteosarcoma Rickets Need help? Review these concept resources. Rate your confidence to submit your answer. High (c) 2024 McC
failedAnswered
Find the absolute extrema if they exist, as well as all values of x where they occur, for the function f(x) = 4x / (x^2 + 2). Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. A. The absolute maximum is , which occurs at x = - (Round the absolute maximum to two decimal places as needed. Type an exact answer for the value of x where the maximum occurs. Use a comma to separat B. There is no absolute maximum.
failedAnswered
The professor in this class would like to organize a committee to help critique a new textbook. i. How many different five-person committees can be formed? ii. How many different all male five-person committees can be formed? iii. How many different all female five-person committees can be formed? iv. Use your responses to parts (ii) and (iii) above to find how many five-person committees with mixed gender representation can be formed.
failedAnswered
Adam Smith defended the ethical goodness of free markets by arguing that people have certain natural rights which are better protected by free markets than by non-capitalistic economies, the competitive forces in a free market will have the consequence of maximizing society's overall utility, markets will always efficiently provide goods and services to consumers, free markets best allow us to express the care and compassion for other people that is deserved by everyone.
failedAnswered
Click or tap on the maps to enlarge. What do they reveal about the Spanish-American conflicts in the Pacific and Caribbean? Correct Answer(s) Drag appropriate answer(s) here America utilized naval blockades as a tactic in the Caribbean but not the Pacific. America had victories in both the Pacific and the Caribbean. The navy faced defeats in both the Caribbean and Pacific. American forces made direct attacks on Spanish possessions. Drag appropriate answer(s) here