Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
Answer:
just subtract it
Step-by-step explanation:
604-357=247
Answer:
n = r - 2.5
Step-by-step explanation:
The discount Khalid is giving is $2.5 off, so the equation represents the neighbors' price equals the regular price minus 2.5.
Answer:
10% of the people at the picnic are neither.
Step-by-step explanation:
To get the answer,
1/2 + 2/5 = 9/10
10/10 - 9/10 = 1/10
1/10 = 10%
Thanks, I hope I got this right!
Answer:
Probably unequal ( B )
Step-by-step explanation:
<u>experimental group = 10</u>
using 85% ethanol gasoline
mean = 240 pounds per 100 miles
standard deviation = 20 pounds
<u>control group = 14 vehicles </u>
using regular gasoline
mean = 252 pounds per 100 miles
standard deviation = 15 pounds
comparing the sample variance of each group shows that they are probably unequal using the equation below
Variance for a sample set of data = ∑ ( x - X ) ^2 / n - 1
where n = number of events
X = mean value
x = value of events