About how much money would eighteen ponds if cheese cost if the price was three ninety five per pound? Use two different estimat
e the product l. Are your estimates overestimates or underestimates? Explain?
2 answers:
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
The correct option is A.
Step-by-step explanation:
If a line passes through two points and
, then the equation of line is
Let y be the profit (in millions) after x years.
From the given graph it is clear that the line passes through the point (1,-100).
The company paid for these costs and made combined profits of $80 million after 4 years. It means the graph passes through the point (4,80).
The line passes through (1,-100) and (4,80). So, the equation of line is
Subtract 100 from both sides.
The function form is
Therefore, the correct option is A.