Answer:
Hence By End of the year with monthly compounded interest it will have 5522.56 $
Step-by-step explanation:
Given:
Initial investment =5.280 $
Rate of interest =4.2%
To Find:
Amount after the 1 year
Solution:
As the investment follows the rule for compound interest as ,
A=P(1+R)^t
Here A=amount after t years
R= rate of interest , P= principal amount t is time period
So given is monthly compounded interest
so t will divided into 12 parts as there 12 months in one year.
P=5280 $ , R=4.2/12 % , t=12
^12
A=5522.56 $
Answer:
Exponential Growth, 1200(1.15)
Step-by-step explanation:
It is a Growth function because it is "increasing" yearly. The equation is multiplying with 1.15 because when it is increasing, you need to add 1 to the percentage rate.
Part A.
1) Function given:
2) Interpretation:
initial value: => x = 0 => f(x) = 0.69
table:
x f(x)
year price
0 0.69
1 0.69 * 1.03 = 0.7107 => increase = 3%
2 0.69 * (1.03)^2 = 0.732021 => increase = 3%
So,
the answer is that the function is increasing at 3% per year.Part B.
3) table
<span> t (number of years) 1 2 3 4
f(t) (price in dollars) 10,100 10,201 10,303.01 10,406.04
Percent change:
Year 2: 10,201 / 10,100 = 1.01 => 1% increase
Year 3: 10,303.01 / 10,201 = 1.01 => 1% increase
Year 4: 10,406.04 / 10,303.01 = 1.01 => 1% increase.
Answer: the </span><span>
product of the part A recorded a greater percentage change in price over the previous year (3% vs 1%).</span>
<h2><em>9.5 ?!?!?!?!?!</em></h2><h2><em>i think it is the answer ?!?!?</em></h2>
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