An initial investment of $60.00 increases in value by 15% each year. which of the following statements are true? select all that apply. round your answers to the nearest dollar.

We have to choose which statement is correct. Initial investment is $60.00 and it increases by 15 % each year. It means that it increases 1.15 times each year. Therefore this situation can be represented by the exponential function, which has no x intercept. The function is: f ( x ) = 60 * 1.15^x, where x represents years. For x = 6: f ( x ) =60 * 1.15^6 = 138. For x = 7.68 : f ( x ) = 60 * 1.15^7.68 = 180 . For x = 8 : f ( x ) = 60 * 1.15^8 = 183.54 ( rounded to the nearest dollar: 184 ). Answers: B ) This situation can be represented by the exponential function: f ( x ) = 60 * 1.15^x. C ) This function has no x intercept. F ) After 7.86 years the value of the investment will be 3 times the initial value. G ) After 8 years the value of the investment will be $184.