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Answer:
In this case, the equation that models the value of an initial investment of P dollars in t years at an annual interest rate of r is given by A = Pert.
Step-by-step explanation:
You would need C) $35 to stay within your budget.
The answer I believe is the second one to the top
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
Applying log both sides
applying property of logarithms
![t=log(11,600/5,200)/[(4)log(1.0215)]](https://tex.z-dn.net/?f=t%3Dlog%2811%2C600%2F5%2C200%29%2F%5B%284%29log%281.0215%29%5D)
