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➷ Use this formula:
final = original x multiplier^n
n would be the number of years
First to calculate the multiplier:
6/100 = 0.06
1 + 0.06 = 1.06
Substitute the values in:
final = 10000 x 1.06^5
Solve:
final = 13382.25578
Your answer is $13382.25
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Given:
1st letter : 2.9 ounces
2nd letter: 4.1 ounces
f(1) = 0.42 + 0.20(x-1)
f(1) = 0.42 + 0.20(2.9-1)
f(1) = 0.42 + 0.20(1.9)
f(1) = 0.42 + 0.38
f(1) = 0.80
f(2) = 0.42 + 0.20(4.1-1)
f(2) = 0.42 + 0.20(3.1)
f(2) = 0.42 + 0.62
f(2) = 1.04
0.80 + 1.04 = 1.84 last choice