The Farmers Market sells apples by the bushel, and each bushel of apples weighs 42 lbs. A bushel of large apples contains 84 app
2 answers:
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Assuming compount interest format
for compounded per 1 year
A=future amount
P=present amount
r=rate in decimal
t=time in years
given
P=270
r=5%=0.05
the equaton is
or
for any year, 2009, is year 0, so if you wanted to input the year then
would be for t=what year it was
A.
b. 2009 to 2020
2020-2009=11 years
t=11
f(11)=461.792
about 462 cranes
A.
B. about 462
A=future amount
P=present amount
r=rate in decimal
t=time in years
given
P=270
r=5%=0.05
the equaton is
for any year, 2009, is year 0, so if you wanted to input the year then
A.
b. 2009 to 2020
2020-2009=11 years
t=11
f(11)=461.792
about 462 cranes
A.
B. about 462
Answer:
The account balance after 24 months will be $23,092.70
Step-by-step explanation:
Given data
P= $20,000
r= 7.77%= 0.077
t= 2 years
A= ?
n= 24
The compound interest formula is
Inserting our values to solve for A we have