Because they make 4 dollars for every book sold, a representative equation would be:
<span>The amount P as a function of t (in years) is given by
P(t) = P0 (1 + r/n)^(t n)
So if n = 4, and r = 0.02, and P0 = 1000, then
P(t) = 1000 (1 + 0.02/4)^(4 t) = 1000 (1 + 0.005)^(4 t)
At the end of the first quarter, t = 1/4, so
P(1/4) = $1000 (1.005)^(1) = $1005
At the end of the second quarter, t = 1/2 , therefore
P(1/2) = $1000 (1.005)^(2) = $1000 (1.010025) = $1010.03
At the end of the third quarter , t = 3/4, therefore
P(3/4) = $1000 (1.005)^(3) = $1000 (1.015075125) = $1015.08
At the end of the year, t = 4, therefore
P(1) = $1000 (1.005)^4 = $1000 (1.020150500625) = $1020.15
As for the second question, after the first period (quarter),
the formula becomes
P = P0 (1.005)^1 = 1.005 P0
which is choice A. </span>
Answer:
<em>$6.06</em>
Step-by-step explanation:
Edward: 36.00*0.87=31.32
Chad 36.00*0.71=25.25
31.32-25.25=6.06
<em>$6.06</em>
<u>Hope this helps :-)</u>
Answer:
y=1/4x + 1.75
Step-by-step explanation:
1-2/2--2 = 1/4
2=1/4+b
b=1.75
∛-512 = -8 . . . . . . . . . . matches the 3rd selection
