The solution for P is P = A / (1 + r)^t, the initial deposit is $1,510, and I agree that A is always greater than P when given the conditions stated.
<h3>How do we calculate the initial deposit?</h3>
The correct formula in the question is provided as follows:
A = P(1 + r)^t ........................ (1)
a. P can be solved for and the amount of Patricia's initial deposit can be found from equation (1) as follows:
P = A / (1 + r)^t ................................. (2)
Where:
A = $1839.79
r = 2.5% = 0.025
t = 8
Substituting all the relevant values into equation (2), we have:
P = $1839.79 / (1 + 0.025)^8
P = $1,510
b. Yes, I agree.
The reason is that interest at the rate of 2.5% will be earned yearly on P and added to A making A always greater than P.
Learn more about initial deposits here: brainly.com/question/21845455.
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<span>calculate circumference first:
C = 2πr
C = 2(3.14159)(8 inches)
C = 50.265 inches
then 60/360 = 1/6 of the circle
50.265 inches / 6 </span><span>
= 8.378 inches (Round answer as needed) </span>
Answer:
The degree of rotation is the circular movement of an object around a fixed point in the coordinate plane.
Step-by-step explanation:
Hope it helps.
Answer:
after 7th day the temperature changes - 8.4 degrees.
Step-by-step explanation:
Each day, the temperature changes - 1.2 degrees. Then
- after 1st day the temperature changes - 1.2 degrees;
- after 2nd day the temperature changes - 2.4 degrees;
- after 3rd day the temperature changes - 3.6 degrees;
- after 4th day the temperature changes - 4.8 degrees;
- after 5th day the temperature changes - 6 degrees;
- after 6th day the temperature changes - 7.2 degrees;
- after 7th day the temperature changes - 8.4 degrees.
