A student usually save $20 a month.He would like reach a goal $350 in 12 months
1 answer:
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We know that the population is declining at a rate of 14% per year.
The expression is:
N ( x ) = 206 * ( 0.86 ) ^ x
where x stays for years.
If we want to find the rate at which the population is declining per month we have to find:
And 0.9875 ≈ 0.99
There are 12 months in a year so the exponent is: x/12
Answer:
b. ( .99 ) ^ x/12
Answer:
$6488.19
Step-by-step explanation:
To solve this problem we use the compounded interest formula:
a = $2600(1+(0.0675/1))¹*¹⁴
a = $6488.19