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WARRIOR [948]
2 years ago
15

Pls help my mom will literally scream at me lol . thank you sm:)

Mathematics
1 answer:
Lady bird [3.3K]2 years ago
4 0

Answer:

The amount Tobie invests in a bank, P = $25

The annual compound interest rate, i = 4%

a. The principal is amount invested in the bank, P = $25

The annual interest rate, i = 4%

b. The function that represents Tobie's account balance, <em>A</em>, after <em>t</em> years is given as follows;

A(t) = P \cdot (1 + i)^t

Where;

A(t) = The amount in the account after <em>t</em> years

P = The principal amount

i = The annual compound interest rate

t = The number of years

c. The values to place in the table are found as follows;

At t = 0, A(0) = 25 \times(1 + 0.04)^0  = 25

At t = 10, A(10) = 25 \times(1 + 0.04)^{10} = 37

The given table is presented as follows;

\begin{array}{ccc}t&&A(t)\\0&&25\\10&&37\end{array}

Step-by-step explanation:

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{ \qquad\qquad\huge\underline{{\sf Answer}}}

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