Keith's bank account starts with $250 and he adds $150 to it every month. If <em>m</em> is the number of months that have passed, then the amount of money (in dollars) in his account is given by
250 + 150<em>m</em>
<em />
Victoria's account starts with $2000 and she removes half of it each month. So after <em>m</em> months, her account has a value of
2000/2^<em>m</em>
<em />
If you were to plot these amounts, then
(a) Keith's account's value is indeed linear - TRUE
(b) Keith is constantly adding money to his account, so its value is increasing - FALSE
(c) Victoria's account's value involves an exponential expression - TRUE
(d) Victoria is removing money, so the value is decreasing - TRUE
Your answers are correct except for (c).
Answer:
# 2,9 are declareitive .......... .......
Answer:
Step-by-step explanation:
Let x be the number.
4x -8 < 56
x ={ ........-3,-2,-1,0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15}
Belinda will need to use the simple compounding formula to get the yearly income of $3500.
Present amount = Future amount /(1+interest)^payments
where
Future amount = $35000
interest = 2.8%
payments = 1
Subsitute all the given values, we will get the present amount
Present amount of CD = $34,046.7
