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Anvisha [2.4K]
3 years ago
8

You are saving for a bicycle that costs $120. You Deposit $75 in an account that earns compounded annually. The Expression 75(1+

r)^2 represents the balance after 2 years the annual interest rate in decimal form.
A. Write a polynomial that represents the balance of your account.
B. What is the balance of your account when the interest rate is 10%.
C. How much more money do you need to buy the bicycle?
Mathematics
1 answer:
dezoksy [38]3 years ago
8 0
A. Expanding the given expression, you have
  balance = 75r^2 +150r +75

B. For r=0.10, the balance after 2 years is 75*1.1^2 = 90.75

C. The difference between $120 and 90.75 is $29.25. You need $29.25 more to buy the bicycle.
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