Answer:
Follows are the solution to the given points:
Step-by-step explanation:
Given:
For point A:
For point B:
For point C:
For point D:
Carlos and Jonathan shared $40 in the ratio 5:3. How much money did Jonathan get? (Draw a tape diagram).
1 answer:
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Answer:
A(t) = 200+15t(1+0.02)^{t}
Step-by-step explanation:
Since the interest is calculated on the new balance every year.
Hence the formula used for compound interest is:
A = P(1+^{nt}
where, A =Amount after t years
P =Principal amount
200 is the initial balance and Since, here the $15 is added to the balance each year. Therefore, P = 200+15t
r = rate each year (0.02)
t = time (in years) (t)
n = no. of times the interest is compounded in a year (n=1)
Therefore, the recursive formula is:
A(t) = 200+15t(1+0.02)^{t}