The vertex is where two lines make a point and the answer would be letter C. A
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Bufhenjseuhrcubyfbtbvyx-p
Correct answers are:
(1) <span>28, 141 known cases
(2) 79913.71 known cases after six weeks (round off according to the options given)
(3) After approx. 9 weeks (9.0142 in decimal)
Explanations:
(1) Put x = 0 in given equation
</span><span>y= 28, 141 (1.19)^x
</span><span>y= 28, 141 (1.19)^(0)
</span>y= 28, 141
(2) Put x = 6 in the given equation:
<span>y= 28, 141 (1.19)^x
</span><span>y= 28, 141 (1.19)^(6)
</span>y= 79913.71
(3) Since
y= 28, 141 (1.19)^x
And y = <span>135,000
</span>135,000 = 28, 141 (1.19)^x
135,000/28, 141 = (1.19)^x
taking "ln" on both sides:
ln(4.797) = ln(1.19)^x
ln(4.797) = xln(1.19)
x = 9.0142 (in weeks)