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likoan [24]
2 years ago
13

Sophie invested 5,000 into an account that will increase in value by 2.3% each year. Write a function to model this situation, t

hen find the value of the investment after 15 years
Mathematics
1 answer:
Zarrin [17]2 years ago
5 0

Answer:

$6725

Step-by-step explanation:

Given data

Princiapal= $5000

Rate=2.3%

Time= 15years

The function that will model this situation is given as

A=P(1+rt)

The above function is a simple interest function

Substitute our data we can find the amount A

A=5000(1+0.023*15)

A= 5000(1+0.345)

A=5000(1.345)

A=5000*1.345

A=$6725

Hence the value of the investment after 15 years is $6725

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-3/2 is your answer !!!!

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WILL GIVE BRAINIEST ONLY IF YOU GET IT RIGHT!!!!
LiRa [457]

Answer:

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Rooter Plus charges a $25 service fee plus $40 per hour of work done. Is this a proportional or non-proportional relationship?
Dominik [7]

Answer:

Non-proportional; the rate of change is $40/hour

Step-by-step explanation:

we know that

A relationship between two variables, x, and y, represent a proportional variation if it can be expressed in the form y/x=k or y=kx

In a proportional relationship the constant of proportionality k is equal to the slope m of the line <u>and the line passes through the origin</u>

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y ----> The total charge in dollars

The equation of the line in slope intercept form is equal to

y=mx+b

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we have

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5 0
3 years ago
What is the percent decrease from 60 to 39?
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X - the percent decrease

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The federal tax rate is of 10%.

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