Find the values of x, y, and z. X=? Y=? Z=?
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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;
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, = 25
At t = 10, = 37
The given table is presented as follows;
Step-by-step explanation:
Working out is in picture
