Answer:
Step-by-step explanation:
Using the formula for the growth of investment:
.....[1]
where,
A is the amount after t year
P is the Principal
r is the growth rate in decimal
As per the statement:
Scott invests $1000 at a bank that offers 6% compounded annually.
⇒P = $1000 and r = 6% = 0.06
substitute these in [1] we get;
⇒
Therefore, an equation to model the growth of the investment is,
Answer:
I need more information, meaning his formula.
Step-by-step explanation:
Answer:
$2.75
Step-by-step explanation:
You would divide the total (13.75) by the amount of crayons he got (5 packs) and you get your answer.
No next time ask nicely instead of “and answer the question that follow”