The balance after 8 years is $22,942.67
<h3>
What is the balance after 8 years?</h3>
We know that the savings account earns 15% annually, and the initial deposit is $7500, then the balance as a function of time in years is:
B = $7500*(1 + 15%/100%)^t
B = $7500*(1.15)^t
The balance after 8 years is what we get when we evaluate the above function in t = 8, so we get:
B = $7500*(1.15)^8 = $22,942.67
So the correct option is the last one.
If you want to learn more about exponentials:
brainly.com/question/2456547
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Answer:
14.25
Step-by-step explanation:
5.7*5/2=14.24*2/5, and 5.7*5/2=14.25
Answer:
The answer to this is y=4
Step-by-step explanation:
The answer is the point at which the line intercepts the y-axis.
Hope this helped. :)
Answer:
3
Step-by-step explanation:
divide the top number by the bottom to always find the constant of proportionality :D
