Answer:
$ 1,060.00
Step-by-step explanation:
A = $ 1,060.00
A = P + I where
P (principal) = $ 1,000.00
I (interest) = $ 60.00
Compound Interest Equation
A = P(1 + r/n)^nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
Answer:
See below...
Step-by-step explanation:
For a function whose formula is in this pattern:
Amplitude:
Period:
Phase Shift: C
In this question,
Amplitude: 4
Period:
Phase Shift:
There is no vertical shift, so the midline is the x-axis whose equation is y = 0.
Also, because there is no vertical shift, the maximum is 4 and the minimum is -4.
The graph is attached.
