Answer:
$15,539.67
Step-by-step explanation:
Compound Interest Formula
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $11,000
- r = 5.8% = 0.058
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:
Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.
You would use 539 and square it on you cal. just once. Then once you do that the answer is not going to be a whole number it is going to have a decimal, so the answer would be 23.22.
okey no i don't speak english jsjsj ._.
9514 1404 393
Answer:
1. 4463
2. no
Step-by-step explanation:
1. Put the value of x into the equation and do the arithmetic.
f(4) = 5000(0.972^4) ≈ 5000·0.8926168 ≈ 4463.08
There will be about 4463 lemmings in 4 years.
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2. An exponential function has the variable in the exponent. When the variable is the base of a term that has an integer constant exponent, we call it a polynomial function.
The function is NOT an exponential function.
