Answer:
(a)His monthly Interest Rate=0.8%
(b)Annual Interest Rate = 9.6%
(c)
Step-by-step explanation:
For a Principal P invested at a yearly rate r, compounded m times in t years
Amount at Compound Interest=
Comparing with Jerry's equation y=388 (1.008)
(a)His monthly Interest Rate= 0.008=0.8%
(b)Annual Interest Rate= Monthly Interest Rate X 12 =0.8 X 12 = 9.6%
(c)If I invest $500 at the same rate of return,
Total Money after m months
=
Answer:
50 units
Step-by-step explanation:
you use Pythagorean-theorem which means A^2+B^2 =C^2
It does not matter the order of A and B because it is adding. But C is the hypotenuse.
If we plug in the # this is what it looks like...
14^2 +48^2=C^2
or
48^2+14^2=C^2
14*14= 196
48*48=2,304
then you add
196+2,304=C^2
2,500= C^2
and you can use a calculator for this part you do 2,500
with the 2,500 you use the sign as in the picture and it gives you...
50
which means 50*50 = 2,500
Answer:
So the decay percentage rate is of 70.8%
Step-by-step explanation:
An exponentil function has the following format:
In which c is a constant.
If a>1, we have that a = 1 + r and r is the growth rate.
If a<1, we have that a = 1 - r and r is the decay rate.
In this problem:
a = 0.292
A is lesser than 1, so r is the decay rate.
1 - r = 0.292
r = 1 - 0.292
r = 0.708
So the decay percentage rate is of 70.8%