Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
Answer:
D. No balance transfer fee
Step-by-step explanation:
yee
Answer: 54 students in each bus
Step-by-step explanation:
331 - 7 = 324
324 ÷ 6 = 54.
There were 54 students in each bus.
How many models does the following set have? 5,5,5,7,8,12,12,12,150,150,150
Strike441 [17]
<h3>
Answer: 3 modes</h3>
The three modes are 5, 12, and 150 since they occur the most times and they tie one another in being the most frequent (each occurring 3 times).
Only the 7 and 8 occur once each, and aren't modes. Everything else is a mode. It's possible to have more than one mode and often we represent this as a set. So we'd say the mode is {5, 12, 150} where the order doesn't matter.