The balance after 8 years is $22,942.67
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What is the balance after 8 years?</h3>
We know that the savings account earns 15% annually, and the initial deposit is $7500, then the balance as a function of time in years is:
B = $7500*(1 + 15%/100%)^t
B = $7500*(1.15)^t
The balance after 8 years is what we get when we evaluate the above function in t = 8, so we get:
B = $7500*(1.15)^8 = $22,942.67
So the correct option is the last one.
If you want to learn more about exponentials:
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Answer:A fine of $0.75 is paid if the book returned by the due date.
No fine is paid if the book is returned 1 day after the due date.
A fine of $0.75 is paid if the book is returned 1 day after the due date.
Bit by bit clarification:
A fine of $0.75 is paid if the book returned by the due date.
No fine is paid if the book is returned 1 day after the due date.
A fine of $0.75 is paid if the book is returned 1 day after the due date.
I will answer in just a second I’m showing work
Answer:
Area: 45
Step-by-step explanation:
