Answer:
3/10
Step-by-step explanation:
2/5 + x = 7/10
x = 7/10 - 2/5
x = 7/10 - 4/10
x = 3/10
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
9
Step-by-step explanation:
Answer:
2nd option
Step-by-step explanation:
given an exponential function in the form y = a
to find a and b use the coordinate points it passes through
using (0, 4 ) , then
4 = a
[ = 1 ] , that is
a = 4 , so
y = 4
using (2, 100 )
100 = 4b² ( divide both sides by 4 )
25 = b² ( take the square root of both sides )
= b , that is
b = 5
then exponential function is
y = 4 . 
