The value of $500 after four years is $610
<u>Step-by-step explanation:</u>
It is given that, the value of $500 increases at a rate of 5% per year.
The exponential formula is given by
.
where,
- a is the initial amount.
- b is the growth factor
.
The growth factor b is replaced by either (1 + r) or by (1 - r).
where, r is the rate per year.
b= (1+r) represents the increase in growth rate.
b= (1-r) represents the decrease in growth rate.
Here, the growth rate is increased. So the formula is given by 
where,
- The initial amount, a = 500.
- Rate, r = 5% = 5/100 = 0.05
- Number of years, n= 4.
- y = value of the item after 4 years
<u>To find y value :</u>
⇒ 
⇒ 
⇒ 
⇒ 
Therefore, the value of the item after four years is $610.
Answer:
I believe it is 60-10=x because it says she purchased it with 60$ but recieved 10$ in change causing the amount we dont know to be a variable such as "x"
Step-by-step explanation:
Answer:
5,760,000
Step-by-step explanation:
9000000 x 8 x (6+2)/100=90000 x 8 x 8
=5,760,000
I added 2 to 6 because of the additional 2 years.
= -1/8x^5 + 8x^4 + x^2 + 3x - 7
Answer:
can you give me the drop what are the options