3 years ago

Which statement is true

Mathematics

1 answer:

svet-max [94.6K]3 years ago

4 0

I need whole picture

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goldfiish [28.3K]

Answer:

a. max. 25c. min.13c

b. 2:00

Step-by-step explanation:

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3 years ago

Airen’s grandparents deposited $1300 in a mutual fund earning 6% interest compounded annually. Write an equation to represent ho

IRINA_888 [86]

$~~~~~~ \textit{Compound Interest Earned Amount \underline{in 18 years}} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$1300\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &18 \end{cases}$

$A=1300\left(1+\frac{0.06}{1}\right)^{1\cdot 18}\implies A=1300(1.06)^{18}\implies A\approx 3710.64 \\\\[-0.35em] ~\dotfill\\\\ ~\hfill y = 1300(1.06)^x~\hfill$