List the intercepts of the graph.
2 answers:
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Answer:
Let's start by breaking down the problem.
This is how it should look. ↓
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⇒
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What does that <em>x</em> mean? <em>x</em> is just a substituted value for the first 2 equations.
Now, we can solve.
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Add 3
Now, multiply 6 times 5 squared. What does 5 squared mean? 5 squared is just 5 times itself once. You most likely want to solve 5 squared before multiplying.
And now for the last step, multiply 25 times 6
With that information, the problem is solved! Your answer is 150
Using the interest formulas, it is found that the values of the investment are given as follows:
- Using simple interest, the value will be of $34,000.
- Using compound interest, the value will be of $144,461.
- Using continuous compounding, the value will be of $148,002.
Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
In this problem, we have that the parameters are as follows:
P = 9000, r = 0.07, t = 40.
Hence:
n is the number of compounding, for quarterly n = 4, then:
Hence:
More can be learned about the interest formulas at brainly.com/question/25296782
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