3 years ago

Help me please! is compound interest

Mathematics

1 answer:

satela [25.4K]3 years ago

4 0

Answer:

7,200

Step-by-step explanation:

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$\bf \qquad \textit{Amount for Exponential Decay} \\\\ A=P(1 - r)^t\qquad \begin{cases} A=\textit{accumulated amount}\dotfill&50.14\\ P=\textit{initial amount}\dotfill &1200\\ r=rate\to r\%\to \frac{r}{100}\dotfill\\ t=\textit{elapsed time}\dotfill &16\\ \end{cases}$

$\bf 50.14=1200(1-r)^{16}\implies \cfrac{50.14}{1200}=(1-r)^{16}\implies \sqrt[16]{\cfrac{50.14}{1200}}=1-r \\\\\\ r=1-\sqrt[16]{\cfrac{50.14}{1200}}\implies r\approx 0.18\implies \stackrel{\textit{converting to percent}}{r\approx 0.18\cdot 100}\implies r\approx \stackrel{\%}{18}\quad \leftarrow x$