Deposit $625 into a money market account with a 5% rate for 1 year would result in more money.
<h3>The interest rate of the bank</h3>
To do this, we make use of 1.50% interest rate
<h3>The exponential
growth equation</h3>
Here, we have:
Initial, a= 625
Rate, r = 1.5%
The exponential growth equation is
A(t) = a * (1 + r)^t
So, we have:
A(t) = 625 * (1 + 1.5%)^t
Evaluate
A(t) = 625 * 1.015^t
Hence, the exponential growth equation is A(t) = 625 * 1.015^t
<h3>The
value in 25 years</h3>
Here, t = 25.
So, we have:
A(25) = 625 * 1.015^25
Evaluate
A(25) = 906.84
Hence, the value in 25 years is $906.84
<h3>The investment with more money</h3>
<u>#Investment A</u>
a = 625
r = 1.5%
t = 5
So, we have:
A(5) = 625 * 1.015^5
Evaluate
A(5) = 673.3
<u>#Investment B</u>
a = 625
r = 5%
t = 1
So, we have:
A(1) = 625 * 1.5^1
Evaluate
A(1) = 937.5
By comparison, 937.5 is greater than 673.3
Hence, deposit $625 into a money market account with a 5% rate for 1 year would result in more money.
Read more about exponential growth equation at:
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Lets take this step by step.
1-4-x-(4-1)=-x-2-(4)
first, we'll simplify the parentheses on the left side of the equation.
1-4-x-3=-x-2-(4)
second, we'll combine like terms on the left side.
-6-x=-x-2-(4)
third, we'll combine like terms on the right side of the equation.
-6-x=-6-x
since these are equal, (x=x), we have infinitely many solutions.
4^3
You Would Write Is 4x4x4
You Would Verbally Say Four To The Third Or Four Cubed
For this case we have the following functions:
f (x) = 3x + 4
g (x) = 2 ^ x - 1
The intersection with the y axis of the original functions is:
f (0) = 3 (0) + 4 = 0 + 4 = 4
g (0) = 2 ^ 0 - 1 = 1 - 1 = 0
The transformations that must be applied so that they have the same intersection with the y axis are:
f (x) - 3
g (x) + 1
Answer:
f (x) - 3
g (x) + 1
option 1
A whole turn is 360° so to turn 40° clockwise is equivalent to turn 320° counterclockwise.
