9514 1404 393
Answer:
- V(t) = 25(1.07^t)
- V(t) = 40(1.05^t)
Step-by-step explanation:
Put the given numbers into the given formula. It can be simplified a little bit.
Formula:
V(t) = P(1 + r)^t
<u>Coin A</u>
P = 25, r = .07
V(t) = 25(1.07^t)
<u>Coin B</u>
P = 40, r = 0.05
V(t) = 40(1.05^t)
Answer: 80
Step-by-step explanation:
23.7%, all you got to do is move the decimal to the right twice