What is the area of this figure? Enter your answer in the box.
1 answer:
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Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore
For this case what we should know is that the function that best adapts to this problem is given by:
y = 2 * (4) ^ x
The graph of the function is shown for two different intervals:
A small interval of -1.5 to 0.5
A larger interval of -6.5 to 6.5.
In both intervals the exponential growth of the function is demonstrated.
Answer:
See attached image.
y = 2 * (4) ^ x
The graph of the function is shown for two different intervals:
A small interval of -1.5 to 0.5
A larger interval of -6.5 to 6.5.
In both intervals the exponential growth of the function is demonstrated.
Answer:
See attached image.