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Ludmilka [50]
3 years ago
6

Evaluate This Question

Mathematics
1 answer:
Nitella [24]3 years ago
7 0
Option D or 6 is the correct answer:)
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The correct responses are;

According to the financial reporting standard, the contingent liability that

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Lawsuit 1: It is not required to make provision or disclosure because the

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3 years ago
$650 is invested in an account earning 8.6% interest (APR), compounded monthly. Write a function showing the value of the accoun
IRISSAK [1]

Answer:

The value of the acount after t years is of A(t) = 650(1.0072)^{12t}

The annual growth rate is of 0.72%.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

$650 is invested in an account earning 8.6% interest (APR), compounded monthly.

This means that P = 650, r = 0.086, n = 12. So

A(t) = P(1 + \frac{r}{n})^{nt}

A(t) = 650(1 + \frac{0.086}{12})^{12t}

A(t) = 650(1.0072)^{12t}

The value of the acount after t years is of A(t) = 650(1.0072)^{12t}

Annual growth rate

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The annual growth rate is of 0.72%.

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