9514 1404 393
Answer:
A = 2000(1 +1)^(t/9)
$64,000
Step-by-step explanation:
The growth rate is 100% in 9 years, so the equation can be written ...
A = 2000(1 +1.00)^(t/9)
The amount in 45 years is ...
A = 2000(2^5) = 2000×32 = 64,000 . . . dollars
Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:

</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Answer is
<span>C) y = -2x + 3 </span>
when x = 0, y = 3
when x = 1, y = -2(1) + 3 = -2 + 3 = 1
when x = 2, y = -2(2) + 3 = -4 + 3 = -1
solutions matched the table above
<u>Solution-</u>
Let's assume, the rate of interest of $8000 is x%,
then the rate of interest of $17000 is (x+0.3x) =1.3x%
Interest earned by $8000,

Interest earned by $17,000,

According to the question,





∴ Rate of interest of $8000 is 1.96% and rate of interest of $17000 is (1.3×1.96) =2.55%