Use this equation: Amount after years=Initial investment*(1+Interest rate/time compounded yearly)^number of years*times compounded yearly
So A=25,000(1+.095/1)^8*1
Simplify
A=25000(1.095)^8
Simplify
A=25000(2.07)
Solve
A=$51,671.73
This equation can be used for all problems of this type.
Answer:
(2,2)
Step-by-step explanation:
If you have any questions about the way I solved it, don't hesitate to ask
Answer: Function 1
Step-by-step explanation:
Function 1 has rate of change of
(15.75 - 14.25)/(1 -(-1)) = 0.75. This was calculated using slope formula.
Function 2 has rate of change of 5/6, which is 0.833.