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valentina_108 [34]
3 years ago
6

How much compound interest will an account of $10,000 bear after 5 years at 3% APR, compounded annually?

Mathematics
1 answer:
Novosadov [1.4K]3 years ago
4 0
A=10,000×(1+0.03)^(5)
A=11,592.74

Interest earned
11592.74-10000=1592.74
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The spending limit on John’s credit card is given by the function f(x)=15,000+1.5x , where x is his monthly income. f^-1x . The
Katena32 [7]
<span>1.
"The spending limit on John’s credit card is given by the function f(x)=15,000+1.5x"

means that if the monthly income of John is $ 5,000 ,he can spend at most 

f(5,000)=15,000+1.5*5,000=15,000+ 7,500=22, 500 (dollars)

Or for example

if Johns monthly income is $8,000, then he can spend at most

 </span>f(8,000)=15,000+1.5*8,000=15,000+ 12,000=27,000 (dollars)<span>


2.
Now, assume that the maximum amount that John can spend is y.

Then, y=15,000+1.5x

we can express x, the monthly income, in terms of y by isolating x:

</span>y=15,000+1.5x
<span>
1.5x = y-15,000


</span>x= \frac{y-15,000}{1.5}
<span>
thus, in functional notation, x, the monthly income, is a function , say g, of variable y, the max amount:

</span>x=g(y)=\frac{y-15,000}{1.5}

since we generally use the letter x for the variable of a function, we write g again as:

g(x)=\frac{x-15,000}{1.5}
<span>
for example :

</span>g(50,000)=\frac{50,000-15,000}{1.5}= \frac{35,000}{1.5}= 23,333
<span>
tells us that if the maximum amount that John can spend is 50,000 $, then his monthly income is 23,333 $.

3.

If John's limit is $60,000, his monthly income is 

</span>g(60,000)=\frac{60,000-15,000}{1.5}= \frac{45,000}{1.5}=30,000<span>
 dollars.


Answer: $ 30,000

Remark: g is called the inverse function of f, since it undoes what f does.

instead of g(x), we could use the notation </span>f ^{-1}(x)<span>



</span>
6 0
3 years ago
when jane uses her calling card overseas, the cost of a phone call is .75 for the first three minutes and. 12 for each additiona
artcher [175]
26 minutes, would = 3.51. if you add .12 to that it is 3.63.
so the most that she could talk would be 26 minutes.
7 0
3 years ago
Is (1, 2) a solution to this system of equations? 10x + 4y = 18 x + 9y = 19
Arlecino [84]

Answer:

Yes

Step-by-step explanation:

The intersection point of 10x+4y=18 and x+9y=19 is (1,2) on a graph.

3 0
3 years ago
Gia got some books from Library yesterday she got five books today Gia returned three books Gia has six books how many books did
makvit [3.9K]

Answer: 4


Explanation:


You can write an algebraic expression to represent the sequence with the books in this way:

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  • today returned three books: - 3
  • how many books did Gia have to begin: n
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Now you follow these steps to clear the unknown:

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  • use subtraction property of equality: n = 6 - 2
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And that is the number of books whith which Gina started: 4

6 0
3 years ago
What is the equation of the axis of symmetry?
Aleksandr [31]

Answer:

Step-by-step explanation:

8 0
3 years ago
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