Answer:
A(n) = 100(1.1)^n
Step-by-step explanation:
Given that :
Account balance = A(n)
Compound interest paid = 10%
We need to obtain the initial amount deposited, that is A(n), when n = 0
In year, n = 1
Account balance, A(n) = $110
Let initial deposit = P
Hence,
Compound interest relation should be ;
A(n) = P(1 + r)^n
Plugging in our values
110 = P(1 + 0.1)^1
110 / P = 1.1^1
110/P = 1.1
110 = 1.1P
P = 110 / 1.1
P = 100
Hence, we can define the amount paid inn n years by substuting the value of P into the compound interest formula :
A(n) = 100(1 + 0.1)^n
A(n) = 100(1.1)^n
(9x-15)/4=x /*4...... 9x-15=4x........ 5x=15........ x=3
Decimal Form:
1.15470053
…
Step-by-step explanation:
900. You round up, because it is above 850. :-)
<u><em>Answer:</em></u>
<u><em>2 2/15 hours from noon the stock prices will be the same.</em></u>
<u><em>Step-by-step explanation:</em></u>
<u><em>Sorry if it's incorrect.</em></u>