What is the answer 1/3 of 12 = 1/4
1 answer:
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Answer:
$5225
Step-by-step explanation:
Use the formula for the amount after simple interest:
"A" is the final amount, or balance.
"P" is the principal, or the starting amount.
"r" is the rate of interest in decimal form.
"t" is the time.
What we know:
P = 5000
t = 3
r = 1.5%
Convert the rate to decimal form by dividing by 100, or moving the decimal place two places to the left.
1.5% => 0.015 = r
Substitute what we know into the formula:
A = P(1 + rt)
A = 5000(1 + (0.015)(3)) <=simplify
A = 5000(1 + 0.045)
A = 5000(1.045)
A = 5225 <= new balance
The new balance of an account is $5225.
Answer:
Step-by-step explanation:
Let the exponential function be,
Here, C = cost of the car
t = Duration or period in years
From the given table,
Two points representing cost of the car and time are (10000, 0) and (8520, 1),
For (10000, 0),
a = 10000
For (8520, 1)
8520 =
b = 0.8520
Therefore, exponential equation will be,