Find the future value
A=p (1+r/k)^kt
A=3,200×(1+0.024÷4)^(4×15)
A=4,581.72
interest earned
4,581.72−3,200
=1,381.72
Exact Form: 1991/2
Decimal Form: 995.5
Mixed Number Form: 995 1/2
Be:
Number of hours: n
<span>The cost of renting a bike for the first hour is $7:
n=1→f(n)=f(1)=$7
</span>He is charged $2.50 for every additional hour of renting the bike:
f(n)=f(n-1)+2.50, for <span>n ≥ 2
</span>
f(1)=7; f(n)=f(n-1)+2.50, for <span>n ≥ 2 (sixth option)
</span>
f(n)=f(1)+2.50(n-1)
f(n)=7+2.50(n-1)
f(n)=7+2.50n-2.50
f(n)=2.50n+4.50 (fifth option)
Answers:
Fifth option: f(n)=2.50n+4.50, and
Sixth option: f(1)=7; f(n)=f(n-1)+2.50, for <span>n ≥ 2</span>
Answer:
3/5
Step-by-step explanation:
