1. Is there a pattern in the data points? If so, describe the pattern.
2 answers:
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Answer:
amount in 30 years is $1787.0977
interest is $1387.0977
Step-by-step explanation:
Given data
principal amount = $400
rate = 5 % = 0.05
time period = 30 years
to find out
amount in 30 years and total interest
Solution
we know its interest compounded monthly so n = 12
and interest compounded monthly formula is
amount = principal ............1
put the value principal , n , rate and time in equation 1
we get amount
amount = 400
amount = 1787.0977
amount in 30 years is $1787.0977
and interest = amount - principal ............2
put the value amount and principal in equation 2
we get interest = $1787.0977 - $400
interest =$1387.0977
Answer:
After 10 years the investment A will be bigger than investment B.
Step-by-step explanation:
In Investment A, 50 increases each year by 8% and in investment B, 60 increases by 3 each year.
If after x years the investment A will be equal to investment B, then we can write the equation as
⇒ 50 + 4x = 60 + 3x
⇒ x = 10
Therefore, after 10 years the investment A will be bigger than investment B. (Answer)