Plz help meweeeeee meee
2 answers:
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Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P
Suppose for the moment that the inequality holds for all :
Expanding everything gives
In particular, the inequality says that for any choice of
. But if
and
, then
while
.
So one possible choice of could be
and
. Then we get
but clearly it's not true that .