Please help, picture included!
1 answer:
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Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
<em />
First change 12% into a decimal:
12% -> -> 0.12
Lets plug in the values:
Tammy will own $14,644.63 after 8 years,
The table in Part A represents y as a function of x. This means that the value of Y is dependent on the value of X. The table can be represented by an equation that describes the relation of X and Y:
or 
By substituting any value of X, you get a specific value of Y based from the given relationship, thus Y is a function of X.
For Part B, the value of f(150) is $470 and it represents the total cost for borrowing a rowboat for 150 hours. By substituting the value of x = 150 into the function, you get the total cost:
By substituting any value of X, you get a specific value of Y based from the given relationship, thus Y is a function of X.
For Part B, the value of f(150) is $470 and it represents the total cost for borrowing a rowboat for 150 hours. By substituting the value of x = 150 into the function, you get the total cost: