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jeka57 [31]
3 years ago
13

Which of the following equations represents the value of a savings account at the Owl Credit Union at Dundalk High School that h

as an initial
deposit of $250 and pays an annual interest rate of 2%?
Mathematics
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

Step-by-step explanation:

Given

Initial deposit (Principal)= $250

Rate = 2%

Time = 1year (annual interest)

Required

Amount after 1 year

First we need to calculate interest

Interest = PRT/100

Interest = 250*2*1/100

Interest 2.5 * 2

Interest = $5.0

Next is to calculate amount;

Amount = Principal + Interest

Amount = $250 + $5

Amount = $255

Hence the value of a savings account at the Owl Credit Union at Dundalk High School that has an initial  deposit of $250 and pays an annual interest rate of 2% is $255.

Amount = P + I

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Answer:

a_{n} = a_{1} (\frac{1}{2} )^{n - 1} where a_{1} = 256.

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Step-by-step explanation:

The number of players in a tennis tournament is reduced by half (50%) after every round. In round 1 there are 256 players, in round 2 there are 128 players, and so on.

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