The equation shows the relationship between x and y:
2 answers:
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Answer:
There will be $5624.32 in the account after 3 years if the interest is compounded annually.
There will be $5630.812 in the account after 3 years if the interest is compounded semi-annually.
There will be $5634.125 in the account after 3 years if the interest is compounded quarterly.
There will be $5636.359 in the account after 3 years if the interest is compounded monthly
Step-by-step explanation:
Tamira invests $5,000 in an account
Rate of interest = 4%
Time = 3 years
Case 1:
Principal = 5000
Rate of interest = 4%
Time = 3 years
No. of compounds per year = 1
Formula :
A=5624.32
There will be $5624.32 in the account after 3 years if the interest is compounded annually.
Case 2:
Principal = 5000
Rate of interest = 4%
Time = 3 years
No. of compounds per year = 2
Formula :
A=5630.812
There will be $5630.812 in the account after 3 years if the interest is compounded semi-annually.
Case 3:
Principal = 5000
Rate of interest = 4%
Time = 3 years
No. of compounds per year = 4
Formula :
A=5634.125
There will be $5634.125 in the account after 3 years if the interest is compounded quarterly.
Case 4:
Principal = 5000
Rate of interest = 4%
Time = 3 years
No. of compounds per year = 4
Formula :
A=5636.359
There will be $5636.359 in the account after 3 years if the interest is compounded monthly
To answer this question, we have the start-up costs of $ 52,000
A monthly inflation of $ 0 is assumed
Operating costs are $680
The daily gain is $960
For the Part A.
The inequality that this situation represents
So:
Where d represents the number of days.
For the Part B.
To start earning, you must replace all the initial investment and cover the expenses per day. The time that must pass for this to happen is obtained by clearing "d" from the inequality.
d> 185.71 days
Then, the sum of the net profits will be greater than the initial investment after 186 days of starting the business.