Sonia has three bracelets. she wears them all at the same time but if a different order each day. how many different combination
1 answer:
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Answer:
Future value, A = $642
Step-by-step explanation:
Given the following data;
Principal = $500
Interest rate = 5% = 5/100 = 0.05
Time, t = 5 years
n = 365
To find the future value, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;
Future value, A = $642
It is given in the problem that
Liam buys a motorcycle for $2,900
Its value depreciates annually at a rate of 12%=0.12
At the end of t years, it has a value of less than $2,000
The exponential equation modeling this situation can be written as below
The inequality representing its value less than $2,000 can be written as below