Answer:
The correct answer is v(t) = (principal × time × 0.02) if calculated simply and v(t) = Principal ×
where v(t) is the interest after t years .
Step-by-step explanation:
Principal amount invested by Shota is $2000.
Interest is earned at 2% per year.
Time for which the principal is invested is t years.
Therefore let the total interest be v(t) dollars in t years.
Case 1: Simple Interest.
v(t) = (principal × time ×
) = (2000 × t × 0.02) = 40t
Case 2: Compound Interest.
v(t) = Principal ×
- Principal = 2000 ×
- 2000.
To find the average, add the cost of each book to get a total cost, then divide the total cost by the number of books purchased.
Total cost: 32 + 45 + 39 = 116
Average cost: 116 / 3 = 38.67