<span>In 3 years, you will have $8,103.38
Formula:
</span>
<span>A = P (1 + r/n)<span> ^(nt)</span></span>
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Answer:
f(5) = 3200
Step-by-step explanation:
Using the recursive formula to generate the terms, that is
f(2) = 2 × f(1) = 2 × 200 = 400
f(3) = 2 × f(2) = 2 × 400 = 800
f(4) = 2 × f(3) = 2 × 800 = 1600
f(5) = 2 × f(4) = 2 × 1600 = 3200
Answer: $2394.43
explanation: use equation A=Pe^rt. A=2000e^(0.03x6). A=2394.43
Answer:
128
Step-by-step explanation:
Answer:
The band is selling boxes of fruit to raise money for new uniforms. Boxes of oranges cost $12 per box and boxes of grapefruits cost $15 per box. To get free shipping on all of the fruit each band member must sell at least 25 boxes of fruit. In order to meet your goal, you want to sell at least $500 worth of fruit.
