Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
Answer:
GROWTH
Step-by-step explanation:
Given the Exponential function;
A=10*
As we can see in the given function above:
the base number is 1.01 which is greater than 1 hence the quantity increases,
slowly at first and then very rapidly over its domain. The rate of growth becomes faster as time passes.
The growth "rate" (r) is determined as b = 1 + r.
In this situation, the rate growth is = 1.01 -1 = 0.01
Hope it will find you well.
Your work appears to be correct.
The results from a graphing calculator are in agreement.
Answer:
No not all right angles are congruent.
Step-by-step explanation:
Hello:<span>
the equation is : y = ax+b
the slope is a
</span><span>3x-4y=5.....
</span><span>4y = 3x-5
y = (3/4)x -5/4
the slope is (3/4)
</span><span>
</span>