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Marrrta [24]
3 years ago
8

Find the balance in the account... $2,400 principal earning 2%, compounded annually, after 7 years

Mathematics
2 answers:
Ne4ueva [31]3 years ago
3 0
A = $ 2,736.00

Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year,
then, solving our equation

A = 2400(1 + (0.02 × 7)) = 2736 
A = $ 2,736.00

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 2,400.00
at a rate of 2% per year
for 7 years is $ 2,736.00.
Jlenok [28]3 years ago
3 0

Answer:

$ 2,736.00

Step-by-step explanation:

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Answer:

The inverse function of f(x)=2.5*x+150 is f⁻¹(x)=\frac{2}{5}x-60

Step-by-step explanation:

An inverse or reciprocal function of f (x) is called another function f ⁻¹(x) that fulfills that:

If f(a)=b then f⁻¹(b)=a

That is, inverse functions are functions that do the "opposite" of each other. For example, if the function f (x) converts a to b, then the inverse must convert b to a.

To construct or calculate the inverse function of any function, you must  follow the steps below:

Since f (x) or y is a function that depends on x, the variable x is solved as a function of the variable y. And since inverse functions swap the input and output values ​​(that is, if f (x) = y then f⁻¹(y) = x), then the variables are swapped and write the inverse as a function.

You know that he function f(x) = 2.5*x + 150 or y=2.5*x +150

Solving for x:

2.5*x +150=y

2.5*x= y-150

x=\frac{y-150}{2.5}

x=\frac{y}{2.5}-\frac{150}{2.5}

x=0.4y-60=\frac{2}{5}y-60

Exchanging the variable, you obtain that <u><em>the inverse function of f(x)=2.5*x+150 is f⁻¹(x)=</em></u>\frac{2}{5}x-60<u><em></em></u>

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Step-by-step explanation:

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