Vertex is: 1, -5
Explanation:
Explanation:
Hey can you please help me posted picture of question
1 answer:
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Answer:
a) Interest earned = $36
New Balance = $336
b) Interest rate = 0.05 or 5%
New Balance = $517.5
c) time t = 5
New Balance = $612.5
d) Principal Amount = $675
New Balance = $783
Step-by-step explanation:
We are given:
a) Principal (P) = $300
Rate (r) = 3% or 0.03
Time (t)= 4 years
Interest earned = ?
The formula used is:
Putting values and finding interest
So, Interest earned = $36
New Balance = Principal + Interest = 300+36 = $336
b) a) Principal (P) = $300
Rate (r) = ?
Time (t)= 3 years
Interest earned = 67.50
The formula used is:
Putting values and finding rate
So, Interest rate = 0.05 or 5%
New Balance = Principal + Interest = 450+67.50 = $517.5
c) Principal (P) = $500
Rate (r) = 4.5% or 0.045
Time (t)= ?
Interest earned = $112.50
The formula used is:
Putting values and finding time
So, time t = 5
New Balance = Principal + Interest = 500+112.50 = $612.5
d) Principal (P) = ?
Rate (r) = 8% or 0.08
Time (t)= 2 years
Interest earned = 108.00
The formula used is:
Putting values and finding Principal
So, Principal Amount = $675
New Balance = Principal + Interest = 675+108 = $783
Hmm if I'm not mistaken, is just an "ordinary" annuity, thus
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![\bf \begin{cases} A= \begin{array}{llll} \textit{original amount}\\ \textit{already compounded} \end{array} & \begin{array}{llll} \end{array}\\ pymnt=\textit{periodic payments}\to &400\\ r=rate\to 10\%\to \frac{10}{100}\to &0.1\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, so once} \end{array}\to &1\\ t=years\to &14 \end{cases} \\\\\\ A=400\left[ \cfrac{\left( 1+\frac{0.1}{1} \right)^{1\cdot 14}-1}{\frac{0.1}{1}} \right] ](https://tex.z-dn.net/?f=%5Cbf%20%5Cbegin%7Bcases%7D%0AA%3D%0A%5Cbegin%7Barray%7D%7Bllll%7D%0A%5Ctextit%7Boriginal%20amount%7D%5C%5C%0A%5Ctextit%7Balready%20compounded%7D%0A%5Cend%7Barray%7D%20%26%0A%5Cbegin%7Barray%7D%7Bllll%7D%0A%0A%5Cend%7Barray%7D%5C%5C%0Apymnt%3D%5Ctextit%7Bperiodic%20payments%7D%5Cto%20%26400%5C%5C%0Ar%3Drate%5Cto%2010%5C%25%5Cto%20%5Cfrac%7B10%7D%7B100%7D%5Cto%20%260.1%5C%5C%0An%3D%0A%5Cbegin%7Barray%7D%7Bllll%7D%0A%5Ctextit%7Btimes%20it%20compounds%20per%20year%7D%5C%5C%0A%5Ctextit%7Bannually%2C%20so%20once%7D%0A%5Cend%7Barray%7D%5Cto%20%261%5C%5C%0A%0At%3Dyears%5Cto%20%2614%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%5C%5C%0AA%3D400%5Cleft%5B%20%5Ccfrac%7B%5Cleft%28%201%2B%5Cfrac%7B0.1%7D%7B1%7D%20%5Cright%29%5E%7B1%5Ccdot%2014%7D-1%7D%7B%5Cfrac%7B0.1%7D%7B1%7D%7D%20%5Cright%5D%0A)