How can polynomials be applied to financial situations?

2 answers:

7 0

In financial planning, polynomials are used to calculate interest rate problems that determine how much money a person accumulates after a given number of years with a specified initial investment.

cestrela7 [59]2 years ago

4 0

In financial planning, polynomials are used to calculate interest rate problems that determine how much money a person accumulates after a given number of years with a specified initial investment.

Hope I Helped :))

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5700 is compounded semiannually at a rate of 15% for 12 years

Rama09 [41]

Answer:

$32,335.38

Step-by-step explanation:

You are going to want to use the compound interest formula, which is shown below.

$P(1+\frac{r}{n} )^{nt}$

P = initial balance

r = interest rate

n = number of times compounded annually

t = time

Now lets plug in the values into the equation:

$5,700(1+\frac{.15}{2})^{12(2)}$ = 32,335.38

Your answer is $32,335.38

4 0

2 years ago

Write the simplified form of -64^1/3

GREYUIT [131]

Answer:

-4

Step-by-step explanation:

Factor by the numbers from left to right.

$64^\frac{1}{3}$

$64=4^3$

$(\frac{4}{3})^\frac{1}{3}=4^3^*^\frac{1}{3}=4$

It changes to positive to negative.

-4

-4 is the correct answer.

8 0

2 years ago

Help asap!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

worty [1.4K]

Step-by-step explanation:

${x}^{2} = 2 \times {4}^{2} \\ {x}^{2} = 32 \\ x = 4 \sqrt{2} \\ diameter = 4 \sqrt{2} \\ radius = 2 \sqrt{2} \\ area \: of \: half \: of \: the \: circle = \\$

$a = \frac{\pi \times {(2 \sqrt{2} )}^{2} }{2} = 4\pi \\ area \: of \: triangle \: = \\ 2 \sqrt{2} \times 2 \sqrt{2} = 8 \\ area \: of \: shaded \: region \: is \: = \\ 4\pi - 8 = 4.57 \: {cm}^{2}$