20000000000000x 3065
1 answer:
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Answer:
Step-by-step explanation:
Exponential functions are represented in the form , where a is the initial value and b is the multiplier.
Here, we see that when x = 0, y = 4. This means that 4 is our initial value, or a. You can look at the a variable almost being like the y-intercept of a graph.
Next, we must solve for b. We can do 16 ÷ 4 to find the slope, or multiplier of this function, because 16 is 1 input x-value up from 0. 16 ÷ 4 = 4.
So, we now have all the needed variables, so we plug them into the formula
Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.