Answer:
$17,771.92
Step-by-step explanation:
A = P (1 + r/n)^nt
A = Future value (the answer you're trying to find)
P = Initial deposit ($1000)
R = Interest rate (8.25%; this will be represented as a decimal in the equation (.0825))
N = # of times interest is compounded per unit t (12)
T = Time (35)
35 * 12 = 420
1000 (1 + .0825/12)^420
1000(1.006875)^420
1000*17.77191635
A = $17,771.92 (rounded to the nearest hundredths)
Exponential functions are in the form
, where <em>a</em> is the initial value, <em>b</em> is the growth rate (percent increase) + 1, and <em>x</em> is the number of time periods. Our initial value is 100, and we're given the growth rate + 1 (tripling is the same as increasing by 200%; 200%=2.0; 2.0+1=3). Therefore our function is
.
By translating a shape, you are basically moving it around the graph. For example, one of the points of your shape could be on the origin (0,0). You could then translate it 4 units up and 6 units to the left. You would write this translation as (x-6, y+4). If you were starting at (0,0) your point translation would be at (-6, 4), but if you were to translate a point at (1, 1) your translated point would be at (-5, 5).
