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svetlana [45]
2 years ago
13

Enrico deposited $2000, in a savings account. Each month he will deposit an additional $25. Which kind of function best models t

he relationship between time and the total amount in the savings account?
Mathematics
1 answer:
AfilCa [17]2 years ago
3 0

Answer:

<em> Linear model </em>

The function f(x) which represents the total amount in the savings account in x months is given by:           f(x)=25x+2000

Step-by-step explanation:

Given:

Enrico deposited $2000 in a savings account.

Each month he will deposit additional $25.

This shows that the rate at which the amount is increasing each month is constant.

Therefore, the model will be  linear with a slope 25.

So , if x represents the number of months.

and f(x) represents the corresponding amount in the account.

Then the function f(x) is given by: f(x)=25x+2000

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I think the answer to this is: 25q + 10d + 5n + 60 = 87

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B = 0.26 h - 18.85,
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3 years ago
A person invest $1200 in an account that earns 2% interest compound quarterly. Find when the value of the investment reaches $15
Basile [38]

Answer:

After 11 years the value of the investment reaches $1500.00

.

Step-by-step explanation:

The formula used for finding time (when the value reaches certain amount) is:

A= P(1+\frac{r}{n})^{nt}

where A= Future VAlue

P= Principal Value

r= rate of interest (in decimal)

n= no of times investment is compounded

t= time

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P= $1200

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A= P(1+\frac{r}{n})^{nt}

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1.25= (1+0.005)^{4t}

1.25= (1.005)^{4t}

Since t is in power we take the logarithm ln on both sides.

The rule of logarithm says that the exponent can be multiplied with the base when taking log

\ln1.25=ln( 1.005)^{4t}\\\ln1.25=4t * ln( 1.005)\\0.22 = 4t * 0.005\\Solving\,\,\\\frac{0.22}{4*0.005} = t\\=> t= 11\, years

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3 years ago
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