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Naddik [55]
3 years ago
6

!!65 point!! Which function is shown in the graph

Mathematics
1 answer:
Scorpion4ik [409]3 years ago
6 0

Answer:

c

Step-by-step explanation:

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<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>

Step-by-step explanation:

Annual interest rate is 2.75%. Hence, the monthly interest rate is \frac{2.75}{12}

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It will be 500\times [1 + \frac{2.75}{1200} ]^{240}

In the second month $500 will be deposited again, this time it will be compounded 239 times.

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Hence, the total after 20 years will be 500\times [1 + \frac{2.75}{1200} ]^{240} + 500\times [1 + \frac{2.75}{1200} ]^{239} + ........+ 500\times [1 + \frac{2.75}{1200} ]^{1} = 160110.6741

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