IV In the xy-coordinate system above , line (not shown ) does not contain points in either quadrant or quadrant IV . Which of th
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The formula for calculating the simple interest is given by
Here, P = Principle amount
r = annual interest rate in decimal
t = time in years.
Now, if we invest for months or week then in order to find the simple interest, we must convert the units in years.
Therefore, d is the correct option.
d) Interest rates are annual, so you must convert the units into years.
Since during middle of each month, Bryce withdraws half of his amount. So at the end of each month, his balance is 1/2 times as compared to balance of his previous month.
The following recursive function represents the Brye's balance at end of each month:
where
is the account balance of previous month. And 
is the account balance of current month.
The following recursive function represents the Brye's balance at end of each month:
where