The amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
![A=P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
a) The amount in the bank after 6 years if interest is compounded annually.
![A=P[1+\dfrac{r}{1}]^{t}\\\\\\A=6000[1+\dfrac{0.01}{1}]^{ 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7Bt%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B1%7D%5D%5E%7B%20%206%7D)
A= $6369
b) The amount in the bank after 6 years if interest is compounded quarterly.
![A=P[1+\dfrac{r}{4}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{4}]^{4\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B4%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B4%7D%5D%5E%7B4%5Ctimes%206%7D)
A= $6090
c ) The amount in the bank after 6 years if interest is compounded monthly.
![A=P[1+\dfrac{r}{12}]^{4t}\\\\\\A=6000[1+\dfrac{0.01}{12}]^{12\times 6}](https://tex.z-dn.net/?f=A%3DP%5B1%2B%5Cdfrac%7Br%7D%7B12%7D%5D%5E%7B4t%7D%5C%5C%5C%5C%5C%5CA%3D6000%5B1%2B%5Cdfrac%7B0.01%7D%7B12%7D%5D%5E%7B12%5Ctimes%206%7D)
A=$6030
Hence the amount for the investment of $6000 will be a.$6369 b. $6090 and c.$6030.
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Answer:
The table in the exercise can be completed with the next results:
- x y
-
2 <u>9</u>
-
4 <u>11</u>
-
6 <u>13</u>
-
8 <u>15</u>
Step-by-step explanation:
As in the exercise Janice is 7 years older than Tam, to obtain the result in the table, you must add 7 to each age in the column x, with this we can make the next formula:
Remember that x is Tam's age, and y is Janice's age, so, you must replace the x variable in each case to obtain the result to y:
When x is 2:
When x is 4:
When x is 6:
When x is 8:
At last, <u>to obtain the graph you can use the formula made: y = x + 7</u>, and you'll obtain a graph like the attached picture, <em>where each time x obtain a unit, the y variable obtain a unit too maintaining the diference of 7</em>.
Answer:
1
Step-by-step explanation:
We have the function
and we want to know the value of 
.
The first step is to find 
; we can subtract 1 from it at the end! But what does mean?
Basically, we're saying <em>"what is the value of the function when </em>
<em> ?"</em>
So, we simply replace 
with 3 in the function, and we get:
.
Finally, we subtract 1 to find 
.
Answer:
Carrots cost $ 1.75 a pound which is more than potatoes cost.
Step-by-step explanation:
Let,
Carrots cost $ x per pound and potatoes cost $ y per pound.
Buying 2 pounds of carrots and 3 pounds of potatoes will cost her
$ 
and
Buying 4 pounds of carrots and 4 pounds of potatoes will cost her
$ 
According to the question,
-----(1)
-----(2)
multiplying (1) by 2 we get,
-----(3)
Deducting (2) from (3) we get,
⇒ 
------------------(4)
Putting value of y in (1) we get,
⇒ 
------------(5)
