The Initial Value of One Exponential Function Is 40, and the Growth

question 22

Multiple Choice

The initial value of one exponential function is 40, and the growth factor is 1.05.The initial value of a second exponential function is 90, and the decay factor is 0.95.If is the independent variable for both functions, for what value of t are the two functions equal? Round your answer to two decimal places. ​

• A) ​

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Definitions:

Revenue And Spending Variances

The differences between the actual and budgeted amounts of revenue and expenses.

Flexible Budget

A financial plan that adjusts or varies with changes in volume or activity.

Spending Variance

The difference between the budgeted amount of expenditure and the actual amount spent.

Facility Expenses

Costs associated with maintaining and operating a physical location or building, such as rent, utilities, and maintenance.