Need help on this . Explain how you got it ?
1 answer:
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Answer:
5.
Step-by-step explanation:
==>>We would have to multiply the original amount by 1.50^x because the initial amount would be 1, and 50% increase would be .5 so 1.5 and you raise it to the number of years to show the total increase.
- Let's test it
Initial: 10,000
After 1 year
10,000 + (.5*10000)
10,000 + 5000 = 15,000
--
After 2 years
15,000 + (.5*15000)
15,000 + 7500 = 22,500
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Let's try our equation.
*Edit: I just seen that the question is related to the picture question
Answer:
Step-by-step explanation:
<h2>This account can be modeled using the compound interest formula.</h2><h2>the compound interest formula is expressed as</h2>
Where
A =final amount = y
P=initial principal balance = $300
r=interest rate = 16%= 0.16
t=number of time periods elapsed= x
Hence the equation to model his account balance/ final amount A (y) after time (x) years is