We are given the following information
Investment = $5200
Annual interest rate = 4.2% = 0.042
Final amount = $16,500
Number of years = 27.7 years
Number of compoudings = quartely = 4
The student uses the following model
The general formula for compound interest is given by
As you can see, the number of compoundings is incorrect (3 vs 4)
The interest rate is also incorrect.
Let us substitute the given values into the above formula
Therefore, the final amount is approximately $16,543.5
Answer:
a number. 5. b number. 7 fourth one. c number. 1. d number 0
Step-by-step explanation:
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Answer:
Option D.The decrease in the value of the car, which is 8%
Step-by-step explanation:
we have a exponential function of the form
where
y is the value of the car
x is the time in years
a is the initial value
b is the base
r is the rate of decrease
b=1+r
In this problem we have
a=$24,000 initial value of the car
b=0.92
so
0.92=1+r
r=0.92-1=-0.08=-8%-----> is negative because is a rate of decrease
Answer:
the value of 2 in 0.812 is 2 thousandths/0.002
0.002 = 2/1000
0.812 = 812/1000
Answer: True
Step-by-Step Explanation:
=> 2x + 3y = -7 (Eq. 1)
=> -x = 2y (Eq. 2)
=> x = 1, y = -3
Substitute values of ‘x’ and ‘y’ in Eq. 1 :-
=> 2x + 3y = -7
= 2(1) + 3(-3) = -7
= 2 + -9 = -7
=> -7 = -7
=> LHS = RHS
Therefore, it is a Solution.
