Answer:
-114
Step-by-step explanation:
Answer:
$12,958
Step-by-step explanation:
The total amount of the account, principal plus interest, is given by ...
A = P(1 +rt)
The given information tells us ...
12,122 = P(1 + .08×2) = 1.16P
Then the principal amount is ...
12,122/1.16 = 10,450
__
When that same amount is invested using a different rate and time period, it becomes ...
A = 10,450(1 + .09×(2 2/3)) = 10,450×1.24 = 12,958
It will amount to $12,958 in 2 years 8 months at 9%.
The answer would be 1.23 that is the answer
Answer:
see below
Step-by-step explanation:
If the base of the exponential term is greater than 1, it represents growth.
If the base of the exponential term is less than 1, it represent decay.
If there is no exponential term, the characterization as exponential growth or decay does not apply.