Answer:
![A(x) = 12000(1.04)^x](https://tex.z-dn.net/?f=A%28x%29%20%3D%2012000%281.04%29%5Ex)
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
![A(t) = P(1 + \frac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%28t%29%20%3D%20P%281%20%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
$12000 cash
This means that ![P = 12000](https://tex.z-dn.net/?f=P%20%3D%2012000)
Compounded at 4% interest annually.
This means that ![r = 0.04, n = 1](https://tex.z-dn.net/?f=r%20%3D%200.04%2C%20n%20%3D%201)
What equation will calculate the value in x years?
![A(t) = P(1 + \frac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%28t%29%20%3D%20P%281%20%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
![A(x) = P(1 + \frac{r}{n})^{nx}](https://tex.z-dn.net/?f=A%28x%29%20%3D%20P%281%20%2B%20%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnx%7D)
![A(x) = 12000(1 + 0.04)^x](https://tex.z-dn.net/?f=A%28x%29%20%3D%2012000%281%20%2B%200.04%29%5Ex)
![A(x) = 12000(1.04)^x](https://tex.z-dn.net/?f=A%28x%29%20%3D%2012000%281.04%29%5Ex)
Answer:
What do you need help with?!?XD
Step-by-step explanation:
90 degrees
Hope this helps
Answer:
Christy is correct
Step-by-step explanation:
you dont say the numbers in words all the time, so it makes a lot more sense.