What type of graph would best show the growth in the numbers of people owning cell phones from 2000 to 2007?
1 answer:
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Answer:
Annual: $302 737.50
Continuous: $332 507.52
Step-by-step explanation:
A. Compounded annually
The formula for <em>compound interest</em> is
A = P(1 + r)ⁿ
Data:
P = $45 000
r = 10 %
t = 20 yr
Calculations:
n = 20
A = 45 000(1+ 0.10)²⁰
= 45 000 × 1.10²⁰
= 45 000 × 6.727 499 95
= $302 737.50
B. Compounded continuously
The formula for <em>continuously compounded inerest</em> is
= 45 000 × 7.389 056 61
= $332 507.52
Answer:
112 $ is the original price
Step-by-step explanation:
you have to think that the original price multiplied by 0.75 (also known as 75%) gave the result of what he saves i.e 84 $. So we put up an equation with the original price multiplied by 75% which equals the 84 $ he saved on buying that item on sale