The answer is C, one over thirty-two
Answer:
Step-by-step explanation:
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Answer:
Any value of
r
makes the equation true.
All real numbers
Interval Notation:
(-Any value of
r
makes the equation true.
All real numbers
Interval Notation:
(
∞
,∞
)
Step-by-step explanation:
The main formula is A=P(1+r/n)^nt, where A=amount of $ in the account at the specified time, P=principal (amount originally invested), r=interest rate, expressed as a decimal number, t=time, in years, of the investment, and n=number of times the account is compounded annually.
In our equation:
P=$11,600
r=7.25%=.0725
t=17 years
n=1 (compounded annually)
A= 11600(1+.[0725/1])^(1*17)
=11600(1+.0725)^17
=11600(1.0725)^17
=11600(3.286654969)
A=$38125.20
