I use a bit of a different looking formula.
A(t)=P(1+r/n)^nt
P=amount of money. (500)
r= rate (in decimal. 4%=0.04)
n=number of times per year (1 in this problem)
t=amount of time. (5 years)
Plugged in it looks like this:
A(t)=500 (1+ 0.04/1)^1x5
Then I put it into my calculator like this:
0.04/1+ 0.04
Then add one to the above answer:
0.04+1=1.04
Then raise the above answer to the 1x5:
1.04^5=1.2166......
Then multiply the above answer by 500:
1.2166.... x 500=608.3264512
She has $608 after 5 years.
Hope this helps, let me know if you have any questions.
The endpoints
for the opposite side would be (8, 1) and (6, 5). The correct
answer between all the choices given is the last choice. I am hoping that this
answer has satisfied your query about and it will be able to help you, and if
you’d like, feel free to ask another question.
2/3
divide by 17
34/17 is 2
51/17 is 3
I = {2.666666667, 1.166666667
