Question

Samuel received $250 as prize money for winning the St. Peterson High School Badminton Tournament. The money was deposited in a special scholarship account that offered an annual interest of 1.8% compounded semiannually. The amount he will have in the account after t years can be calculated using the expression below. Use the given expression to complete the statements below. The expression is the of the amount initially deposited and the of one and the rate of increase raised to the number of .

Answer 1

Complete Question:

Samuel received $250 as prize money for winning the St. Peterson High School Badminton Tournament. The money was deposited in a special scholarship account that offered an annual interest of 1.8% compounded semiannually. The amount he will have in the account after t years can be calculated using the expression below.

250(1+0.018/2)^2t

Use the given expression to complete the statements below.

The expression is the *blank* of the amount initially deposited and the *blank* of one and the rate of increase raised to the number of *blank*

1st Blank:

Product

Sum

Quotient

Square

2nd Blank:

Quotient

Product

Difference

Sum

3rd Blank:

Compounding Periods

Years

Months

Answer:

First blank: product

Second blank : Sum

Third blank : years

Step-by-step explanation:

The expression :

250(1+0.018/2)^2t

The expression is the *blank* of the amount initially deposited and the *blank* of one and the rate of increase raised to the number of *blank*

The first blank represents product which adopts the use of the bracket () symbol

The second blank is the sum of one and the rate of increase depicted with the addition '+' sign

The third blank represents years which is the period of time in years for which the money was kept in the scholarship account