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sierrac3000

06/28/2019

Select the correct answer from each drop-down menu.

Samuel received $250 as prize money for winning the St. Peterson High School Badminton Tournament. The money was deposited in a special scholarship account that offered an annual interest of 1.8% compounded semiannually. The amount he will have in the account after t years can be calculated using the expression below.

250(1+0.018/2)^2t

Use the given expression to complete the statements below.

The expression is the *blank* of the amount initially deposited and the *blank* of one and the rate of increase raised to the number of *blank*

1st Blank:

Product

Sum

Quotient

Square

2nd Blank:

Quotient

Product

Difference

Sum

3rd Blank:

Compounding Periods

Years

Months

Answer:

1st blank = product

2nd blank = sum

3rd blank = years

Step-by-step explanation:

The expression given above is :

250(1+0.018/2)^2t

The expression can thus be explained as:

The *product* of the amount initially deposited and the *sum* of one and the rate of increase raised to the number of *years*