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erik [133]
3 years ago
9

I need the complete answer to this problem, please circle the final answer and what I should write

Mathematics
1 answer:
goblinko [34]3 years ago
5 0

Answer:

f(t) = 8400(1.0018)^{12t}

2.22%

Step-by-step explanation:

$8400 is invested in an account earning 2.2% interest (APR), compounded monthly.

So, the value of the account after t years will be given by  

f(t) =  8400 (1 + \frac{2.2}{12 \times 100} )^{12t} = 8400(1.0018)^{12t}        {Rounded to the four decimal places} (Answer)

Now, for t = 1 year, f(1) = $8586.67

So, the percentage of growth per year (APY) = \frac{(8586.67 - 8400) \times 100}{8400} = 2.22% {Rounded to the nearest hundredth of percent} (Answer)

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r to determine the system of inequalities that have been graphed, we need to find the equations of the two lines. We can then use the equations to write the corresponding inequalities.

The equation of this line is given by the formula,

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and

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We can test the two inequalities with this point to determine the right one. That is,

We can see that the first statement is true but the second is false.

This implies that the right inequality is;

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Hence the inequaliy of the solid line is,

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