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Minchanka [31]
3 years ago
14

Alex wants to have $2500 in his bank account after 2 years. if the account earns 5% interest compounded 2 times per year, how mu

ch should he put in? round to the nearest cent.
Mathematics
1 answer:
gavmur [86]3 years ago
5 0
You'll need to use this formula:
Principal = Total / [(1+ (rate/n))^n*years]
Where "n" is the number of compounding periods per year.
Principal = 2,500 / [(1+ (.05/2))^2*2]
Principal = 2,500 / (1.025)^4
Principal = 2,500 / <span> <span> <span> 1.1038128906 </span> </span> </span>
Principal = <span> <span> <span> 2,264.88 </span> </span> </span>

Source:
http://www.1728.org/compint3.htm



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For this case we have that by definition, the equation of a line of the point-slope form is given by:

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(x_ {1}, y_ {1}): (1,6)\\(x_ {2}, y_ {2}): (5, -2)\\m = \frac {y_ {2} -y_ {1}} {x_ {2} -x_ {1}} = \frac {-2-6} {5-1} = \frac {-8} {4} = -2

Thus, the equation is of the form:

y-y_ {0} = - 2 (x-x_ {0})

We choose a point:

(x_{0}, y_ {0}) :( 5, -2)

Finally, the equation is:

y - (- 2) = - 2 (x-5)\\y + 2 = -2 (x-5)

Answer:

y + 2 = -2 (x-5)

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I don't quite understand when my test asks, "x when f(x)=-2" can someone please help?
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Given:

Consider the quadratic function is

y=a(x-h)^2+k

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To find:

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The quadratic function is

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Where, (h,k) is the vertex and a is a constant.

Vertex is (5,8). So,

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Putting h=5,k=8 in (i), we get

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The given point is (1,3). Putting x=1 and y=3 in  (ii), we get

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Answer: m= -1

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