After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
For every x y is cut in half
Answer:
3 points
Step-by-step explanation:
If you do the vertical line test, there are 3 points that need to be removed, as there can only be 1 x value for every y value in order for it to be a function.
The answer is 15 i believe
Answer:
Amount invested at 8% is $9000 and amount invested at 18% is $21000.
Step-by-step explanation:
Let amount invested at 8% be x.
Let amount invested at 18% be y.
We get the 1st equation as:
........(1)
We get the second equation as:
=> 
or getting rid of the decimal by multiplying by 100 on both sides.
........(2)
Multiplying (1) by 8 and subtracting from (2) we get
So, y = 21000
And 
So, x = 9000
Therefore, amount invested at 8% is $9000 and amount invested at 18% is $21000.
