The answer is 12.206556
Calculate the balance of your account after 15 years. Round your answer to the nearest hundredth.
1 answer:
Answer:
$13,054.13
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 7.25% into a decimal:
7.25% -> -> 0.0725
Now, plug the values into the equation:
Your balance will be $13,054.13
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Step-by-step explanation:
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Answer:
It is a function.
Step-by-step explanation:
You can test if a graph is a function if you draw a vertical line anywhere on the graph and you see it hits two points.
This is the table for the graph.
Remember these rules:
- Each x value, or input, has its unique y value, or output
- If you draw a vertical line anywhere on the graph, it should only go through one point
We can check these two rules for this graph:
- Does each x value have its own, unique y value? Yes
- If you draw a vertical line anywhere on the graph, does it only go through one point? Yes, there are no overlaps
Keep in mind that two different x-values can have the same y value.
Figure 1:
It has two x values with the same y-values.
Figure 2 and 3:
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-Chetan K
