After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Given:
The graph of a function is given.
To find:
The range of the graph.
Solution:
We know that, the domain is the set of input values and range is the set of output values.
In a graph, domain is represented by the x-axis and range is represented by the y-axis.
From the given graph it is clear that there is an open circle at (-8,-8) and a closed circle at (3,4). It means the function is not defined at (-8,-8) but defined for (3,4).
The graph of the function is defined over the interval . So, the domain is (-8,3].
The values of the function lie in the interval . So, the range is (-8,4].
Therefore, the range of the function are all real values over the interval (-8,4].