Answer:
true
Step-by-step explanation:
because the variable terms are in the left side of the equation and everything else in right side.
Wich stem and leaf plot represents the data 10, 70, 37, 65, 80, 86, 70, 10, 15, 15, 15
kkurt [141]
1-0-0-5-5-5
2
3-7
4
5
6-5
7-0
8-0-6
The balance after 8 years is $22,942.67
<h3>
What is the balance after 8 years?</h3>
We know that the savings account earns 15% annually, and the initial deposit is $7500, then the balance as a function of time in years is:
B = $7500*(1 + 15%/100%)^t
B = $7500*(1.15)^t
The balance after 8 years is what we get when we evaluate the above function in t = 8, so we get:
B = $7500*(1.15)^8 = $22,942.67
So the correct option is the last one.
If you want to learn more about exponentials:
brainly.com/question/2456547
#SPJ1
Answer:
$8,029.91
Step-by-step explanation:
You have to use the exponential growth equation:
A=P(1+r)^t
Where A is the final amount, P is the initial amount, r is the rate of increase, and t is the time in years. So:
A=6,600(1+0.04)^5
(The rate has to be changed into a decimal)
Then, just plug this equation into a calculator (without the A= part, so just 6,600(1+0.04)^5) and you'll get the answer.
