Multiple choice question!! Please help
1 answer:
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Answer:
the initial value -- f(0) -- results in a value of 1.5
Step-by-step explanation:
f(0) = ·
(any value raised to the power of zero equals one)
f(0) = · 1
f(0) = 3/2 or 1.5
Answer:
$9450
Step-by-step explanation:
We will use compound interest formula:
Where
F is future amount [what we want to figure out]
P is present amount [9000]
r is rate of interest [since we want for 6 months, the annual interest divided by 2 is r. So r = 10/2 = 5% or 0.05]
t is the time [ the time period is for 6 months so t = 1 since we already converted the interest rate to 6 month chunk]
Putting in formula, we get: