Velida invested $3500 in a savings account with a yearly interest rate of 5% for 6 years. How much simple interest did she earn?
1 answer:
You might be interested in
Answer:
Growth function.
The number of students enrolled in 2014 is 1162.
Step-by-step explanation:
The number of students in the school in t years after 2002 can be modeled by the following function:
In which N(0) is the number of students in 2002 and r is the rate of change.
If 1+r>1, the function is a growth function.
If 1-r<1, the function is a decay function.
In 2002, there were 972 students enrolled at Oakview High School.
This means that
Since then, the number of students has increased by 1.5% each year.
Increase, so r is positive. This means that
Then
Growth function.
Find the number of students enrolled in 2014.
2014 is 2014-2002 = 12 years after 2002, so this is N(12).
The number of students enrolled in 2014 is 1162.