Answer:
648 followers
Step-by-step explanation:
Let first day=a1
Tripled followers everyday
Second day=a2=a1×3
Third day=a3=a2*3
Fourth day=a4=a3*3
Fifth day=a5=a4*3
a=8 followers
a2=a1×3
=3*8
=24 followers
a3=a2*3
=24*3
=72 followers
a4=a3*3
=72*3
=216 followers
a5=a4*3
=216*3
=648 followers
On the fifth day, Alex will have a total of 648 followers on his new social media account.
The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
45.82
Step-by-step explanation:
Using formulas
What you can use for this case is a function of the potential type.
We have then
y = a (b) ^ x
Where we have:
Walker starts the fund by depositing $ 5
a = 5
Each week the balance of the fund is twice the balance of the previous week:
b = 2
The function is:
y = 5 (2) ^ x
The number of weeks to reach $ 1280 is 8 weeks.
Check:
y = 5 (2) ^ 8
y = 1280
Answer:
An equation can be used to find the number of weeks, x, after which the balance of the fund will reach $ 1,280 is:
y = 5 (2) ^ x
The number of weeks that it takes to reach the class goal is
8 weeks