Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:
Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:
Evaluate. Hence:
The total amount due after five years is $57,000.
Answer:
A.
Step-by-step explanation:
The options are:
For this exercise it is important to remember that, by definition, the Exponential parent functions have the form shown below:
Where "a" is the base.
There are several transformations for a function f(x), some of those transformations are shown below:
1. If and
, then the function is stretched vertically by a factor of "b".
2. If and
, then the function is compressed vertically by a factor of "b"
Therefore, based on the information given above, you can identify that the function that represents a vertical stretch of an Exponential function, is the one given in the Option A. This is:
Where the factor is:
And