Answer: the future value is $1748.4
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1550
r = 4% = 4/100 = 0.04
n = 365 because it was compounded 365 times in a year.
t = 3 years
Therefore,.
A = 1550(1 + 0.04/365)^365 × 3
A = 1550(1+0.00011)^1095
A = 1550(1.00011)^1095
A = 1550 × 1.128
A = 1748.4
Answer:
t=p*34
Step-by-step explanation:
t=p*T, where T is the bill for the table Joe waited on, p is the percent tip and t is the tip left for the waiter
In this situation, the bill is 34, so lets plug that in
t=p*34
<span>the answer is 2.78 because it add up 10
</span>
Answer:
Step-by-step explanation:
We are going to apply algebra to solve for the exponential growth
we know that the expression for the exponential formula is
where
a = the amount before measuring growth or decay
= 10,000
r = growth or decay rate = 23%= 0.23
x = number of time intervals that have passed
since this problem is on the growth we are going to replace "b" with (1+r), likewise for decay (1-r)
hence the formula becomes
The expression that will give the population value is
