The following table shows the expressions that represent the sales of two companies:
2 answers:
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Answer:
a.
b .$914.85
Step-by-step explanation:
Step one:
given data
principal p=$750
rate= 5%= 0.05
for quarterly compounding n=4
a. the function that represents the balance after t years.
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
b. when t=4
A= $914.85