1. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $2000
r = interest rate = 4%
n = the number of times that interest is compounded per year = 4
x = the number of years = 5
Calculations:
A = 2000 (1 + 0.04/4)²⁰
A = 2000 (1 + 0.01)²⁰
A = 2000 (1.01)²⁰
A = 2000 ₓ 1.22
A = $2440.38
2. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 48%
n = the number of times that interest is compounded per year = 12
x = the number of years = 2
Calculations:
A = 50 (1 + 0.48/12)²⁴
A = 50 (1 + 0.04)²⁴
A = 50 (1.04)²⁴
A = 50 ₓ 2.56
A = $128.16
3. The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = ?
P = the principal investment amount = $50
r = interest rate = 4%
n = the number of times that interest is compounded per year = 12
x = the number of years = 3
Calculations:
A = 50 (1 + 0.04/12)³⁶
A = 50 (1 + 0.003)³⁶
A = 50 (1.003)³⁶
A = 50 ₓ 1.12
A = $56.36
20 I think. If I’m wrong don’t roast me please.
<span>a) define the variables
The variables are x and y ; x can represent the number of times Aleah goes swimming ; while y can represents the number of times Aleah goes skating.
b) are there any restrictions on the variables?
The total sum of both activities must be equal or less than $80 a month
c) write a linear inequality to represent this situation
</span><span>Swimming costs $5 each time and skating costs $4 each time. No more than $80 a month.
5x + 4y <u><</u> 80
You can graph linear inequality using these coordinates.
x y
16 0
12 5
8 10
4 15
0 20</span>
