What you can use for this case is a function of the potential type.
We have then
y = a (b) ^ x
Where we have:
Walker starts the fund by depositing $ 5
a = 5
Each week the balance of the fund is twice the balance of the previous week:
b = 2
The function is:
y = 5 (2) ^ x
The number of weeks to reach $ 1280 is 8 weeks.
Check:
y = 5 (2) ^ 8
y = 1280
Answer:
An equation can be used to find the number of weeks, x, after which the balance of the fund will reach $ 1,280 is:
y = 5 (2) ^ x
The number of weeks that it takes to reach the class goal is
8 weeks
Answer:
<u>Acute Angle</u>
Step-by-step explanation:
<u>Obtuse Angle</u> is greater than 90 degrees
<u>Right Angle</u> is exactly 90 degrees
<u>Acute Angle</u> is less than 90 degrees
Answer:
acute.... ....... .. . ......
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
a = prt
a = 24,000 x 0.06 x(48 / 12)(you have to turn months into years)
a = 24,000 x 0.06 x 4
a = $5,760
The payment due is $5,760
