Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
Step-by-step explanation:
Write down the slope-intercept form:
Where m is the slope and b is the y-intercept.
To turn the equation into slope-intercept form, isolate y on the left-hand side:
Rearrange the equation a bit:
Answer:
The amount of jobs from fitting industry shall decline in 5.5 percent from 2015 to 2025.
Step-by-step explanation:
Due to the assumption of a yearly average rate, a linear function model shall be used. The expected amount of jobs () after a certain amount of years (t) is given by the following formula:
Where:
- Initial amount of jobs in pipe fitting industry, measured in thousands.
- Average yearly rate, measured in thousands per year. (A decline is indicated by a negative sign)
If ,
and
, then:
The percent change in jobs from pipe fitting industry is calculated as follows:
The amount of jobs from fitting industry shall decline in 5.5 percent from 2015 to 2025.