The money in the Felix's account will be $6798 when he is 21.
<u>Step-by-step explanation:</u>
It is given that,
- The amount deposited is $2000.
- The account earns 6% compound interest.
- It is compounded annually for 21 years.
<u>To find the money in Felix's account after 21 years :</u>
The formula used here is,
⇒ 
where A is the amount after 21 years.
- P is the initial amount deposited ⇒ P = 2000
- r is the rate ⇒ r = 0.06
- n is the number of times interest is compounded per year⇒ n = 1
- t is the time period ⇒ t = 21
⇒ 
⇒ 
⇒ 
⇒ 
Therefore, The money in the Felix's account will be $6798 when he is 21.
Answer:
a = 2, b = - 5
Step-by-step explanation:
Given
y = ax² + bx
is the measure of the slope at x = a
Differentiate each term with respect to x using the power rule
(a
) = na
= 2ax + b, hence
2ax + b = 3 at (2, - 2)
Substitute x = 2 into
4a + b = 3 → (1) and substitute x = 2 into y
4a + 2b = - 2 → (2)
Subtract ( 1) from (2)
b = - 2 - 3 = - 5
Substitute b = - 5 into (1)
4a - 5 = 3 ( add 5 to both sides )
4a = 8 ( divide both sides by 4 )
a = 2
Answer:
1150%
Step-by-step explanation:
The percentage change is ...
percentage change = (amount of change)/(original amount) × 100%
= ((new amount) - (original amount))/(original amount) × 100%
= ($1250 -$100)/$100 × 100%
= 1150/100 × 100%
= 1150%
Answer:
10
Step-by-step explanation: