1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IgorC [24]
3 years ago
9

What is the annual compound interest rate for an investment account modeled by the function y=12⋅1.18t ?

Mathematics
1 answer:
NikAS [45]3 years ago
7 0

Answer:

The interest rate for the given investment is 18%.

Step-by-step explanation:

We are given that,

The function representing the investment model is, y=12(1.18)^t.

It is required to find the interest rate for the investment.

Since, the function can be re-written as,

y=12(1.18)^t

i.e. y=12(1+0.18)^t

So, on comparing with the formula for compound interest i.e. A=P(1+r)^t, where 'r' is the interest rate.

We have that,

The interest rate for the given investment is 0.18 i.e. 18%.

You might be interested in
9 more than a number is 58. write and solve an equation to determine the number (writing the equation is required)
Stels [109]

58 - 9 = 49
5 0
3 years ago
An angle measures 150°. What is the measure of its supplement?
Anestetic [448]

Answer:

The supplement is = 180-150 i.e30

4 0
2 years ago
Read 2 more answers
A cylinder has a radius of 4x + 2 and a height of 5x + 4. Which polynomial in standard form best describes the total volume of t
forsale [732]
V = π r² h
V= π (4x+2)² (5x+4)
V = π (4x+2)(4x+2)(5x+4)
V = π (16x²+16x+4)(5x+4)
V= π(80x³+144x²+84x+16)
V= 251.33x³ +452.39x²+263.89x+50.27
4 0
3 years ago
The length of a rectangle is six times it's width. If the area is 216 inches squared, find its perimeter
Lana71 [14]
I had a problem like this but it was different but what i divided was 216 divided by 12 and got 18 and 216 divided by 6 and got 36
8 0
3 years ago
Read 2 more answers
What is 3/4 divided by 2 equal
Viktor [21]

Answer:

0.375

Step-by-step explanation:

..

7 0
3 years ago
Other questions:
  • Evaluate gh-k when g = -8 ,h=4 and k =-2<br> Please help
    11·2 answers
  • Find the discriminant, and determine the number of real solutions. then solve 2x^2+3x-9=0
    8·1 answer
  • What is the percentage equivalent of 1.48?
    9·1 answer
  • A maze at a county fair is made from 275 bales of hay. The maze at the state fair is made from four times as many bales of hay.h
    10·1 answer
  • Write the equation of a line in slope intercept form that has a slope of 1/5 and contains (-10,6)
    6·1 answer
  • 6 agents can sell 333 cars in 3 months.
    12·1 answer
  • Kroger has total assets of $675 million. Its total liabilities are $200 million and its equity is $375 million. Show me how to c
    14·1 answer
  • If a function f(x) is shifted to the left one unit, what function represents the transformation?
    11·2 answers
  • Match each statement with the property it illustrates.
    10·1 answer
  • 1. You are going to a ball game where sodas cost $7 and hot dogs cost $9. You spend a total
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!