6 years
A parent increases a child’s monthly allowance by 20% each year. If the allowance is $8 per month now. This is an exponential function, An exponential function is given by:
Let x be the number of years and y be the allowance. The initial allowance is $8, this means at x = 0, y = 8
Since it increases by 20% each year, i.e 100% + 20% = 1 + 0.2 = 1.2. This means that b = 1.2
Therefore:
To find the number of years will it take to reach $20 per month, we substitute y = 20 and find x
x = 6 years to the nearest year
Answer:
Two angles are said to be linear if they are adjacent angles formed by two intersecting lines.
Step-by-step explanation:
I believe that 21 is d 27 over 17
I believe that 22 is d because 16 divided by 3.20 is 5
sorry if I am wrong
I hope this helps you
Answer:
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount borrowed
From the information given,
P = 5000
r = 9
5.5% = 5.5/100 = 0.055
Assuming they are 365 days in a year
n = 365 because it was compounded 52 times in a year.
t = 29/365 = 0.0794
Therefore,
A = 5000(1 + 0.055/365)^365 × 0.0794
A = 5000(1 + 0.00015)^29
A = 5000(1.00015)^29
A = $5022
