You're right.
Since the output has different number of jumps from one number to another.
Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
<em>My goodness, this is rather confusing in the way it is worded. Nevertheless, I will attempt to do what I can. Just please keep in mind that this is my own interpretation of the problem, and therefore could be... incorrect.</em>
<em>I think, to start out, we could set up the problem like so</em>
<em>15 + t ≥ 26</em>
<em>because t is not a set number. </em>
<em>Then all that is needed is to subtract 15 from both sides, and the equation becomes</em>
<em>t ≥ 11</em>
<em>So the resulting answer is t ≥ 11.</em>
<em />
<em>I hope that my interpretation helps.</em>
<em>-Toremi</em>
<em />
this is a function becuase it passes the verticle line test (no 2 points are above each other).
