Answer:
The explicit formula that can be used is 
The account's balance at the beginning of year 3 is 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
x = cos (47) = Pi/3, cos 47 = X/3
Step-by-step explanation:
x = 2.05, 2.05 (2.05)²
Answer: I’m pretty sure your right
Step-by-step explanation:
sorry if I’m wrong
Answer:
The amount of money originally invested which is the principal P = 5,000
Step-by-step explanation:
Using the compound interest formula, the return on investment can be represented on the interest function as;
f(x) = P(1+r)^x
Where
P is the principal which is the initial investment.
r = rate Proportion
x = time (number of years)
Comparing to the given function;
f(x) = 5,000(1 + 0.04)^x
We can see that;
Principal P = 5,000
Rate r = 0.04
time = x
The amount of money originally invested which is the principal P = 5,000
