Michael invested 5,000 in an account that has a 5.5% annual interest rate. What equation best describes investment after T years
?
1 answer:
Answer:
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
Step-by-step explanation:
I assume this is a simple interest rate. If not I will give the one for compound interest.
V = 5000 + 5000* 0.055 * T (Value of account after T years)
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
You might be interested in
Answer:
10.5 cm
Step-by-step explanation:
Volume = base area × height
798 = (9.5 × 8) × height
height = 798/76
height = 10.5
Answer:
not much info
Step-by-step explanation:
Your absolute value cannot be negative.
Answer:
<em><u>
</u></em>
Step-by-step explanation:
Note
<h2>Area of a cone = 1/3pir squared * height</h2>
Answer:
The first option and the third option
Step-by-step explanation:
Since the figure moved 4 places down and 4 places to the right.
