Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest 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 invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
Answer:
Symmetric point: x = -1; (-1, 5)
Minimum of f: None; approaches -∞.
Maximum of f: y = 5.
Is f(x) a one-to-one: No, it fails the horizontal line test and is not injective.
Increasing from: -∞ to -1; (-∞, -1)
Decreasing from: -1 to ∞. (-1, ∞)
The volume of a stack of identical circular drink coasters, each 1 centimeter thick, can be found using the function v(r)=8(3.14)(r)^2, where r is the radius of a coaster. What does the constant 8 in the function represent?
The constant 8 represents the height of the stack and hence the number of coasters.
Answer:
The answer is <em><u>0.48</u></em>!
