Answer:
$95,183.04
Step-by-step explanation:
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
(i used a calculator but theres the formula^^ T-T)
David is making a rectangular exercise yard for his turtle, Ralph. The perimeter of the yard is
1 answer:
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The values of BMW after 2 years and 4 years according to the EXPONENTIAL FUNCTION are $33,462 and $20,358.28
Using the parameters given, we define an decreasing exponential function :
Where,
= initial amount ; r = Rate ; t = time ; A = final amount
Value after 2 years :
t = 2
A = 55000(1 - 0.22)²
A = 55000(0.78)²
A = $33,462
Value after 4 years :
t = 4
A = 55000(1 - 0.22)^4
A = 55000(0.78)^4
A = $20,358.28
Therefore, the value of BMW after 2 years and 4 years $33,462 and $20,358.28 respectively.
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