Answer:
The exponential function is 
.
You will have $1,100.55 in the account after 2 years.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Deposit $1000 in a savings account that pays 4.8% interest compounded monthly.
This means that 
. So
This is the exponential function
How much will you have in your account after 2 years?
This is A(2). So
You will have $1,100.55 in the account after 2 years.
Solving: (5)(3 - 1) + 4
Step One: Subtract 1 from 3 which is 2
<span><span>5<span>(<span>3 − 1</span>) </span></span>+ 4
Step Two, Multiply 5 by 2 which is 10</span><span>=<span><span><span>(5)</span><span>(2) </span></span>+ 4
Step Three, Add 4 to 10 which is 14</span></span><span>=<span>10+4
</span></span><span>=<span>14
Answer:
(A)14
Hope this helps!
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Answer: C. Nine Months, 9/12 =
9÷12 = 0.75
Step-by-step explanation:
Hi, to answer this question we have to convert the fraction into decimals and compare:
A. Three Months, 1/4 = 1÷4 = 0.25
B. Six Months, 6/12 = 6÷12 =0.5
C. Nine Months, 9/12 = 9÷12 = 0.75
D. 1 Month, 1/12 =1÷12 = 0.083333
C. Nine Months, 9/12 = 9÷12 = 0.75
Feel free to ask for more if needed or if you did not understand something.
What are the choices here
Answer:40
Step-by-step explanation:
