Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
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Answer:
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The answer is:
The answer is the fourth option,
Piecewise functions are functions that are composed by two or more expressions, the expression to use will depend of the domain or input that we need to evaluate.
We are given the piecewise function:
There, we know that:
We should use the first expression if the value to evaluate is less than -2.
So, for this case, the function will be:
We should use the second expression if the value to evaluate is greater or equal than 2.
So, for this case, the function will be:
Now, since we are given that the value to evaluate is -3, and its less than -2, we need to use the first expression, and evaluate it.
So, evaluating the function we have:
Hence, we have that the answer is the fourth option,
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