Answer:
$3,623.84 Exact answer without rounding | $3,623.85 ~ (Approximent Answer with rounding.)
Step-by-step explanation:
Compound Interest Has a Specific Formula:
This case is Exponential Growth.
Formula: y= ab^x
You need to set up the equation.
First we need to define the rate of growth meaning what do you have to do for the 6.5%.
You need to do 100% + 6.5% = 106.5%
You need to convert the percent to a decimal which will be 1.065
Now we need to start plugging things into our formula to solve.
Your initial Starting amount was $3000
So you need to have y=3000(b)^x
We now know that the rate of growth is 1.065 so the b would be 1.065
y=3000(1.065)^x
Our power to x is our 3.5 years.
Our Equation now:
y=3000(1.065)^3
Now you need to use a calculator to do this due to the amount of decimals and digits.
Remember pemdas when doing this!!!
The answer should result to $3,623.84 but if rounded then: $3,623.85
The balance after 8 years is $22,942.67
<h3>
What is the balance after 8 years?</h3>
We know that the savings account earns 15% annually, and the initial deposit is $7500, then the balance as a function of time in years is:
B = $7500*(1 + 15%/100%)^t
B = $7500*(1.15)^t
The balance after 8 years is what we get when we evaluate the above function in t = 8, so we get:
B = $7500*(1.15)^8 = $22,942.67
So the correct option is the last one.
If you want to learn more about exponentials:
brainly.com/question/2456547
#SPJ1
Answer:
10
Step-by-step explanation:
2+2=4
4+6= 10
Answer:
The answer is no though, the point (1,-1) is below both.
Step-by-step explanation:
So the two inequalities are y≤-3x+3 and 3x+8y≥3
With inequalities you have to know a few things. First, when you graph you may have to use non solid lines. for instance, if you had x<5, 5 would not be part of the answer because it is only answers less than 5. so you represent this by making a dashed line that says "you cannot include values on this line". Second, with algebra, if you multiply both sides by a negative it flips the inequality. for instance -y > 54 you would multiply (or divide) by -1 and it would change to y < -54. Third, when graphing an inequality, treat it like an equation and graph the line as if it were said equation(with solid or dashed lines as needed) then, if it is y > f(x) you shade in the section above the line and y < f(x) shades in below. The shaded part is your answer basically. Now lets get into yours.
y≤-3x+3
It is already in the form y = f(x) so grapht he line 3x + 3 with a solid line since it is y is less than or equal to, then shade below that line.
3x+8y≥3
First get it so y is by itself
3x+8y≥3
8y≥3 - 3x
y ≥ 3/8 - 3/8 x
Now grapht his line with a solid line and shade the area above it.
Now, the shaded area below between y ≥ 3/8 - 3/8 x and y≤-3x+3 and the lines are your answer, so you need to check if the point (1, -1) is in this shared shaded area or on one of the lines.
The answer is no though, the point (1,-1) is below both.
