A stock broker is evaluating the value of a certain share with each week. The function that describes the value of the share, v, in dollars, after n weeks is given below, where b is an unknown positive base.v(n) = (14) times b^2Select the correct statement.If b = 1.06, the weekly percent growth rate of the share's value is 6%.If b = 1.8, the weekly percent growth rate of the share's value is 8%.If b = 0.84, the weekly percent growth rate of the share's value is 84%.If b = 0.77, the weekly percent growth rate of the share's value is 23%.
Accepted Solution
A:
We have the following equation: v(n) = 14(b)^n Where, n: number of weeks growth rate means ----> b>1 In this case: b=1.06 > 1 the correct statement is: If b = 1.06, the weekly percent growth rate of the share's value is 6%. Answer: If b = 1.06, the weekly percent growth rate of the share's value is 6%.