Answer:
<u>The balance in dollars and cents in Mr. Jenkins’s account at the end of 4 years was $ 1,462.50</u>
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Initial deposit = $ 1,250
Interest rate = 4.25% annual simple = 0.0425
Time of investment = 4 years
2. What was the balance in dollars and cents in Mr. Jenkins’s account at the end of 4 years?
Let's recall the simple interest formula, as follows:
A = P * (1 + rt), where:
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Replacing with the values we know:
A = P * (1 + rt)
A = 1,250 * (1 + 4 * 0.0425)
A = 1,250 * 1.17
A = 1,462.50
<u>The balance in dollars and cents in Mr. Jenkins’s account at the end of 4 years was $ 1,462.50</u>
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Answer:
True
Step-by-step explanation:
That expression is called the "Quadratic formula" and basically the solution to any second degree equation can be find by using the quadratic formula.
Attached you can find the procedure to get to the quadratic formula from the general equation of a second degree polynomial.
