The balance after 8 years is $22,942.67
<h3>
What is the balance after 8 years?</h3>
We know that the savings account earns 15% annually, and the initial deposit is $7500, then the balance as a function of time in years is:
B = $7500*(1 + 15%/100%)^t
B = $7500*(1.15)^t
The balance after 8 years is what we get when we evaluate the above function in t = 8, so we get:
B = $7500*(1.15)^8 = $22,942.67
So the correct option is the last one.
If you want to learn more about exponentials:
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Answer:
16 years
Step-by-step explanation:
Let x represent the number of years. The suburb population is growing at a rate of 5000 per year after x years, it can be represented by the equation:
320000 + 5000x
The city population is declining at a rate of 14000 per year after x years, it can be represented by the equation:
624000 - 14000x
The number of years for the city and suburb population to be equal can be gotten from:
320000 + 5000x = 624000 - 14000x
14000x + 5000x = 624000 - 320000
19000x = 304000
x = 304000 / 19000
x = 16
In 16 years the populations of the suburb and the city be equal
Answer:
It's A.
Step-by-step explanation:
The length of the major axis is a + b where a and b are the distances from each focus to any point on the ellipse.
-10t - (-17t) - 10t + (-13) = 11 (two negative signs makes a positive)
-10t + 17t - 10t - 13 = 11 Combine like terms
-3t - 13 = 11 Add 13 on both sides
-3t = 24 Divide -3 on both sides
t = -8
Answer:
899.5
Step-by-step explanation:
