3 years ago

For the given interval, is the function increasing or decreasing?

Mathematics

1 answer:

Greeley [361]3 years ago

7 0

Answer:

increasing

Step-by-step explanation:

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What is the future value of 300000 with an interest rate of 17% per annum for 30 days?

Anvisha [2.4K]

$\bf \qquad \textit{Simple Interest Earned Amount}\\\\
A=P(1+rt)\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$300000\\
r=rate\to 17\%\to \frac{17}{100}\to &0.17\\
t=years\to \frac{30}{365}\to &\frac{6}{73}
\end{cases}
\\\\\\
A=300000\left(1+0.17\cdot \frac{6}{73}\right)$