Question

ebukas monthly rent is $750. if ebuka pays the rent late, his landlord charges 4% interest per week that the payment is late. write a function that gives the total cost r(t), in dollars, of ebukas rent if he pays it t weeks late. r(t) =

Explanation:

Step1: Identify principal and growth rate

The principal rent is $\$750$, and the weekly growth factor is $1 + 0.04 = 1.04$ (since 4% interest is added each week).

Step2: Set up exponential growth function

This is a compound growth scenario, so the total cost after $t$ weeks is the principal multiplied by the growth factor raised to the number of weeks.
$R(t) = 750(1.04)^t$

Answer:

$R(t) = 750(1.04)^t$