The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82
Answer:
The third option is correct.
The domain of the function is given by
The range of the function is given by
Step-by-step explanation:
Sara bought a cell phone for $200 and its value has decreased at rate of $5 per month.
V(t) is the value of the phone and t is the number of months.
The domain of the function is the possible values of the number of months t.
The domain of the function is given by
The range of the function is the values of V(t) that we get after substituting the possible values of the number of months t.
The range of the function is given by
When the number of months is t = 0 then the value of the function is maximum V(t) = 200
When the number of months is t = 40 then the value of the function is minimum V(t) = 0
Therefore, the third option is correct.
Answer:
n = 5
Step-by-step explanation:
Given
n + 16 = 21 ( isolate n by subtracting 16 from both sides )
n = 5
<span>it depends on what type of format is used.</span>
Answer: It will take approximately 21 years.
Step-by-step explanation:
6 percent of 5.25 is 0.315 (5.25 x 0.06 = 0.315)
Then you subtract 5.25 from 12 to calculate the number of years. (12 - 5.25 = 6.75)
Divide 0.315 from 6.75 (6.75 / 0.315 ≈ 21.4)
