Answer:
A.
Step-by-step explanation:
Janes Raise: 4% of 41,200:
1648
Johns Raise; 4.5% of 43,900:
1975.4
Jacks Raise: 3% of 39,700:
1191
1648+1975.5+1191 = 4,814.5 which is about $4,815
Answer: A = $1503.6
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1000
r = 6% = 6/100 = 0.06
n = 1 because it was compounded once in a year.
t = 7 years
Therefore,.
A = 1000(1 + 0.06/1)^1 × 7
A = 1000(1.06)^7
A = $1503.6
Answer:
The graph is in the image
Step-by-step explanation:
