The future value of cash whose initial value is $845, at the rate of 11.3% for 7 years will be calculated using the compound interest rate, that is:
A=p(1+r/100)^n
where:
A=future amount
r=rate=11.3%=0.113
time=7 years
thus the future value of our cash will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
Answer: I think it has 10 vertices
Step-by-step explanation:
Answer:
c
Step-by-step explanation:
The slope-intercept form is y=mx+b, where m is the slope and
b is the y-intercept.
y=mx+b
m=−3
b=0
y=-3x+0
Answer:
a) growth
b) $500
c) 6% = 0.06
d) 
e) $595.51
Step-by-step explanation:
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<u>Part (a)</u>
Exponential GROWTH, since interest is applied to the account each year.
<u>Part (b)</u>
Initial amount = $500
<u>Part (c)</u>
Growth factor = 6% = 0.06 (in decimal form)
<u>Part (d)</u>
General form of exponential growth function:

where:
- a = initial amount
- r = rate of growth (in decimal form)
- x = time (in years)
Given:


<u>Part (e)</u>
when x = 3

Answer:
I'm not sure bu I think the answer is 8 × x × 7 = 2