Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
Answer:
y = (1/2)x + 0
Step-by-step explanation:
The equation would be y = mx + b
m is the slope and b is the y-intercept
I ain't Joseph but what's wrong?
Answer:
c = 32/3
Step-by-step explanation:
Eliminate the fraction by mult. all terms by 8: 96 + 3c = 64.
Subtract 64 from both sides, obtaining: 3c = 32. Solving for c, c = 32/3.
Answer:
20 students are absent
Step-by-step explanation:
75/100 × 80 = 60
If 60 were present out of the 80
80 - 60 = 20
Have a great day :)
