Short answer: I don't know, but that doesn't mean I can't give you something that you can decide for yourself.
y = 4*2^(2n - 2) is the pattern.
Go for broke. Try n = 4. You should get 256. Let's try it.
y = 4 * 2^(2*4 - 2)
y = 4 * 2^(8 - 2)
y = 4 * 2^6
y = 4 * 64
y = 256 yup it works.
The other end is just as important. Suppose n = 1
Then y = 4 * 2^(2*1 - 2) = 4 * 2^0 = 4*1 = 4 Both work.
If this formula is correct, we can abbreviate it to make your task easier.
y = 4 * 2^(2n - 2)
y = 2^2 * 2^(2n - 2)
y = 2^(2n - 2 + 2)
y = 2^(2n) Now try the two end points again.
n = 4
y = 2^(2*4)
y = 2^8
y = 256
n = 1
y = 2^(2*1)
y = 2^2
y = 4 which again checks.
so y = 2^(2n) I think is an exponential function.
Sorry my explanation is so long.
it would equal the same mixed number. 5 2/3
I would recommend asking a tutor
Since we're doing compound interest for four years it will be simpler than daily.
In case you didn't know the formula, here it is: A = P (1 +r/n)^(nt)
now lets substitute.
A = 500 (1 + 0.03)^4
A = 500 (1.03)^4
A = 500 (1.12550881)
A = 562.754405
Since that decimal is too big for cash, let's round it. Notice that the number after 5 is lower than 5. Thus the first two numbers stay the same and the final answer will be..
A = 562.75
Hope this helps :3
