Here, number of periods (years), n=5
Annual interest rate, i=0.05 (compounded yearly)
Present value/deposit, P=100
Future value of deposit = P(1+i)^n=100(1.05^5)=127.63 (to the nearest cent)
Answer: After 5 annual interest payments, Bob will have 127.63 in his account.
Answer:
• x = 0
• x = b/a
Step-by-step explanation:
Subtract the term on the right and factor:
ax^2 -bx = 0
x(ax -b) = 0
The zero product rule lets you write this as two equations:
x = 0
ax -b = 0
The latter can be rearranged to ...
ax = b
x = b/a
Of the choices shown, the equations for x are ...
x = 0
x = b/a
