answers B and D are clearly wrong and if u do some simple thinking you can determine the answer is C...
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Answer:
Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Step-by-step explanation:
We use the Total Amount generated using compound interest formula to solve this question
Formula =
Total Amount(A) = P(1 + r/n)^nt
a) For Harrison
Principal = $200
Interest rate = 2% = 0.02
Time = 2 years
n = compounding quarterly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.02/4)^2×4
A = $2,000(0.005)^8
A = $ 2081.4140878
A = $ 2,081.41
b) For Sherry
Principal = $200
Interest rate = 4% = 0.04
Time = 2 years
n = compounding monthly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.04/12)^2×12
A = $2166.2859184
A = $ 2,166.29
The Total Amount for
Harrison = $ 2,081.41
Sherry = $ 2,166.29
Hence, from the above calculation, Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
You could say:
y = 4x + 10
John runs 10 miles a week, after every month he adds 4 miles.
y = 3x + 15
Mary runs 15 miles a week, after every month she adds 3 miles.
'y' would represent the total miles and 'x' would represent the number of months.
When the base is greater than 1, the value approaches zero as the exponent goes to -∞. When the base is less than 1, the value approaches zero as the exponent goes to ∞. Whatever additions or factors you have that modify the exponential term will modify the asymptote accordingly.
